Journalize the effects of the transaction. Prepare the debit entries, credit entries and the corresponding explanation for each journal entry

DIRECTION: Read and analyze the effects of each of the transactions. Journalize the effects of the transaction in a two-column journal sheet. Prepare all the debit entries, credit entries and the corresponding explanation for each journal entry. Recoding Transactions in a Journal On June 1, 2020, Christine Charity Resultay, Optometrist, established the Resultay Eye Clinic. Transactions completed during the month are as follows: Date Transactions June Resultay deposited P200,000 in a bank account in the name of the business. 2 Paid office rent for the month, P8,400. 3 Bought supplies for cash, P7,750. 4 Bought office equipment on account from Dagupan Equipment, P91,800. 5 Bought a computer from Del Rosario Office Outfitters, P18,400, paying P6,000 in cash and the balance on account. 6 Performed professional services for cash, P24,210. 7 Paid accounts to Del Rosario Office Outfitters, P9,000. 8 Received and paid the bill for utilities, P2,430. 9 Paid salaries of the part time assistants, P9,900. 10 Performed professional services for cash, P25, 150. 11 Resultay withdrew cash for personal use, P12,500