Debit and credit

On March 1 of the current year, E. Estrada opened a TV repair shop by investing P 500,000 cash in the business. He had completed the following transactions in the said month. March 2 - Paid the rent of the sh0p space for the month P 4,500. 5 - Purchased shop supplies for cash P 16,700. 7 - Paid P 6,500 for newspaper advertising. 8 - Purchased a ling cabinet from T. Agbayani Trading on credit P 34,500. 9 - Purchased a truck, P 150,000 on credit. Gave P 30,000 cash and a note for the balance. 10 - Completed repair work to various customers and received P 25,000 in full payment therefor. 15 - Completed repair work for A. Tantay, P 1,500. Accepted P 500 cash and a promissory note for the balance. 19 - Paid T. Agbayani Trading. 25 - Received payment from A. Tantay. 26 - Paid utility bills, P 750. 27 - Withdrew P 5,000 cash for personal living expenses. 30 - Paid the helper's salary P 5,000