FINAL OUTPUT Name: Last Name, First Name FUNDAMENTALS OF ACCOUNTING M.I. RMN Catering has the following business transactions for the month of October, 2020: Oct. 01 - RMN opened a catering business and invested cash, P200,000. Course/Year/Section Oct. 03 - RMN bought office supplies on account amounting to P3,000. Oct. 08-A one year lease agreement (Prepaid Rent) was signed and made P24,000 cash payment. Oct. 10-Bought additional tables and chairs for P50,000, a dishwasher for P30,000, and a cash register for P10,000, all o credit. - Purchased Inventory from WS Merchandise paying P20,000 in cash and the balance of P30,000 on account. Oct. 13-Received P60,000 in cash and P30,000 on account as service income (Accounts Receivable). Oct. 15-The company paid the electricity expenses worth P8,000. -Salaries paid to helpers, P15,000. Oct. 23 - RMN Catering collected service income P20,000 from the customers. Oct. 25 - RMN withdrew for his personal use supplies worth P1,000 and cash P4,000. Oct. 27-The company paid its account last Oct. 10 to supplier in the amount of P10,000 (Account: P30,000-payment P10,000-P20,000) the balance of which will be paid next month. Oct. 30 - The Company paid the water expenses for P4,000.