identify and name the parts of the general journal below. journalize the following selected march 2021 transactions using the general journal below.

March 1 The owner, J Simon, invests P100,000 cash in his barber shop

Analysis: Increase in Asset (Dr) Cash P100,000

Increase in Equity (Cr) J Simon, Capital P100,000

March 3 The business buys a lot for P2M paying cash of P800,000 and the balance covered by promissory note.

Analysis: Increase in Asset (Dr) Land P2,000,000

Decrease in Asset (Cr) Cash P800,000

March 6 The owner, J Simon pays P7,500 accounts payable of the business from his personal savings.

Analysis: Decrease in liability (Dr) Accounts Payable P7,500

Increase in Equity (Cr) J Simon, Capital P7,500