Journalize the following selected transactions for January 2012 in a two-column journal. Journal entry explanations may be omitted. Jan 1 Received cash from the investment made by the owner, P15,000. 2 Received cash for providing accounting services, P8,000.

3 Billed customers on account for providing services, P4,000.

4 Paid advertising expense, P400.

5 Received cash from customers on account, P3,500.

6 Owner withdraws, P1,000

7 Received telephone bill, P100

8 Paid telephone bill, P100.

Date	Description	Post Ref	Debit	Credit