Fundamentals in Accounting, Business and Management1 Journal and T-Account Practice INSTRUCTION: Journalize each transaction then prepare T-ACCOUNTS 1. January 1, 2022 - Cris Brown invested P1,800,000 cash in Cris B. Goods. 2. January 2, 2022 - Cris B. purchase Computer P35,000, Tables and Chairs P20,000, Office Equipment P50,000 3. January 3, 2022 - Cris B. was approved to a bank loan of P1,000,000. He received the cash right away. 4. January 5, 2022 - Cris B started the operation. He sells goods to the customer and received P50,000 for goods delivered. 5. January 6, 2022 - Cris B. purchase Office Supplies on account P 15,000 6. January 7, 2022 - Received a 10-day note from customer, P10,000 7. January 8, 2022 - Cris B paid P200,000 to the bank as partial payment for the loan. 8. January 9, 2022 - Cris B paid in full the office supplies purchased on January 6. 9. January 10, 2022 - Cris B. paid Salary of Staff P25,000 10. January 11, 2022 - Cris B received 100,000 cash from the customer for the delivered goods. 11. January 12, 2022 - Cris B. withdraw cash P50,000 12. January 13, 2022 - the customer paid the note on January 7, 2022 13. January 14, 2022 - Cris B. purchase another computer for the business. He paid cash P50,000. 14. January 15, 2022 - Cris B paid P2,500 for repairs of office equipment. 15. January 16, 2022 - Cris B paid Utilities of P20,500 16. January 17, 2022 - Cris B sold P 78,000 worth of goods on account 17. January 18, 2022 - Cris B purchase printer on account, 35,000 18. January 19, 2022 - Cris B received cash payment on number 16 19. January 20, 2022 - Cris B paid the rent of the store P10,000 20. January 21, 2022 - Cris B paid the printer he purchased last January 18, 2022 21. January 22, 2022 - Cris B. withdraw cash P150,000 22. January 23, 2022 - Cris B paid the following expenses: Salary P10,000 Meals P20,000, Internet 3,500, Communication Expense P4,500, Repairs and Maintenance P8,000 23. January 25, 2022 - Received a 15-day note from customer, P100,000 24. January 18, 2022 - the customer paid 50% of the note received on January 25, 2022 25. January 30, 2022 - Cris B invest additional P2,500,000 cash to Cris B. Goods