Journalize the following transactions of JV Consultancy for the month of January, 2016. 2016 Jan. 1 Mr. Velmonte deposited P880,000 in the account of the company. He also P67,000 invested a computer valued at 2 Consultancy services rendered to Mongolia Corp. on account, P75,000 3 Bought P700,000 worth of transportation equipment from Mitsubishi on account. 7 Consultancy services rendered to various clients for cash, P190,000 15 Consultancy services rendered to Kodak Co. on account, P32,000 P2,540 16 Paid Mitsubishi Motors in full. 18 Collected P15,000 from Kodak Co. 20 Received water bill, P980 26 Paid electricity for the month