Danny and arlene opened yellow belle salon on march 1. The salon started its operation on june 1 with arlene as the managing partner. It was agreeed that arlene receive a salary of P10,000 a month starting oct 1. The accounting period of the business calendar year. 1 mar - initial cash investment by danny P400,000 , arlene P350,000. 15 apr - danny made another investment of P50,000 by providing funitures and fixtures. 30 sep - danny made a permanent withdrawl in cash of P30,000. 31 oct - arlene recived her P10,000 salary for oct. 30 nov - arlene recived her P10,000 salary for nov. 30 nov - danny withdrew P200,000 for presonal ues. 31 dec -arlene recived her P10,000 salary for dec. 31 dec - a net profit of P 200,000 was reported at the end of thr year. It was agreed that the profit will be divided equally. Required : joural entries and statement of partnership equity