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Create a General Journal Entries for the following transactions (description, debit, credit) begin{tabular}{|r|r|} 2023 & FaithD.Nakpil,ownerofFDNStorageCompany,investedinherbusinessthefollowing:Cash,P500,000andoldfurnitureandshelvesoriginallycostingP150,000butwithafairmarketvalueofP100,000atthetimeofinvestment. hline 3 & PurchasedvariousequipmentfromOfficeWarehouse.Three(3)laptopsamountingtoP100,000each,andshelvesamountingtoP165,000.Termsasfollows:20%downpayment,issuingCheck#001,andthebalancewitha60-daynon-interestbearingnote.ReceivedInvoice#614fromOfficeWarehouse. hline 4 &
Create a General Journal Entries for the following transactions (description, debit, credit)
\begin{tabular}{|r|r|} 2023 & FaithD.Nakpil,ownerofFDNStorageCompany,investedinherbusinessthefollowing:Cash,P500,000andoldfurnitureandshelvesoriginallycostingP150,000butwithafairmarketvalueofP100,000atthetimeofinvestment. \\ \hline 3 & PurchasedvariousequipmentfromOfficeWarehouse.Three(3)laptopsamountingtoP100,000each,andshelvesamountingtoP165,000.Termsasfollows:20%downpayment,issuingCheck#001,andthebalancewitha60-daynon-interestbearingnote.ReceivedInvoice#614fromOfficeWarehouse. \\ \hline 4 & OneofthelaptopswerepurchasedfortheuseofFaithD.Nakpilsdaughterforonlineclasspurposes.Faithdecidedtopaythislaptopusingherpersonalmoney. \\ \hline 4 & PurchasedvarioussuppliesfromNxSupplies,forP15,000,payablein15days.ReceivedInvoice#605fromNxSupplies. \\ \hline 7 & ReceivedP100,000incashfromFourFlatsCorporationforstorageservice.IssuedInvoice#001andOfficialReceipt#001. \\ \hline \end{tabular}
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