Elicia commenced business on 1st January 2011 with a capital of P100,000 in cash. On the same date, he opened the bank account in ADCB and deposited P20,000. During the month of January 2011 the following transactions took place:

Jan 1 Bought goods for cash 70,000

2 Sold goods to X Co. (Credit) 38,000

15 Sold goods for cash 9,000

21 X co. paid by cheque 35,000

22 Stationery bill paid by cheque 2,000

22 Telephone bill by cash 500

31 Paid rent by cash 2,000

Paid salaries by cash 3,000

Withdrew cash personal use 5,000

Questions: Record the journal entries