Date Transactions 2022 Klara Bhringer, owner of Klara Bhringer Media Productions, invested in her business Sept the following: Cash, P150,000; Media Equipment originally costing P380,000 but with a 1 fair market value of P220,000 at the time of investment; and Office Equipment worth $70,000. 3 Purchased office chairs, desks, and shelves from Version 1 Furniture, for P80,000, on terms: 50% down payment, issuing Check #1001, and the balance with a non-interest bearing note. Received Invoice #6704 from Version 1 Furniture. 5 Purchased various supplies from Mediaware, Inc., for P40,000, on terms: 20% down payment, issuing Check #1002, and the balance payable in 15 days. Received Invoice #231 from Mediaware, Inc. 9 Received P120,000 for multimedia services rendered; issued Invoice #001 and Official Receipt #001. 11 Billed Aim High Enterprises for multimedia services rendered, P200,000, payable by client after 45 days; issued Invoice #002. 12 Returned supplies worth P2,000 to Mediaware, Inc. due to wrong specifications. Received Credit Memo #24 from Mediaware, Inc. 15 Klara Bhringer withdrew P50,000 for personal use, issued Check # 1003. 18 Purchased various supplies from Optic Merchandising for 30,000, payable in 60 days. Received Invoice #704 from Optic Merchandising. 20 Paid the account due to Mediaware, Inc, issued Check # 1004. 21 Granted cash advance to an employee, P5,000, issued Check #1005. 23 Collected 50% of the accounts receivable from Aim High Enterprises; issued Official Receipt #002. 26 Klara Bhringer paid the note issued to Version 1 Furniture, using her personal funds. 27 Paid the light, water, and internet bills, P28,000, issued Check #1006. 29 Paid the rent for the month, P30,000, issued Check #1007. 30 Paid employees' salaries, P54,000, issued Check #1008. This is net of the cash advance granted on September 21.