JOURNAL ENTRY: For each of the following transactions, prepare the journal entries by indicating the accounts affected and the amounts on the space provided. Please also include the date and short explanation to each transaction.

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The following account titles are for JDG Laundry Services. ASSETS LIABILITIES Cash Accounts Payable Office Supplies Loans Payable Prepaid Rent Office Equipment OWNER'S EQUITY Machinery and Equipment JDG, Capital Furniture and Fixture JDG, Drawing Dec. 1 - JDG started the business by investing cash of P2,000,000. Debit Credit 2 - Bought office supplies in cash, P15,000. Debit Credit 3 - Purchased offset printing machines on account from JAT Enterprises, $1,200,000 Debit Credit 4 - Purchased tables, chairs and cabinets worth $75,000. Debit Credit 5 - JDG invested her desktop computer and laser printer valued at $55,000 into the business. Debit Credit 6 - Obtained a loan from a bank, P250,000. Debit Credit 7- Purchased cutter and other printing equipment, 500,000. Debit Credit 8 - Paid the account with JAT Enterprises. Debit Credit 9 - JDG withdrew cash of 10,000 for his personal use. Debit Credit 10- Paid P10,000 representing one month advance rental of its office space Debit Credit TEST III - T-ACCOUNTS and TRIAL BALANCE. Prepare T-accounts and Trial Balance for Test