Masaya Merchandising sells facsimile, copers and other types of office equipment. The transaction during the month:

Date	Transactions
Sept 1	Purchased 5 units of copier on account from Maliksi Corporation at a cost of P8,000 per unit. Payment is due in 30 days.
	Borrowed from Kababayan Bank, P50,000 at 10% interest per annum due in 3 months. Masaya issued a promissory note for this borrowing.
	Paid one-year insurance covering the period September 1,2020 August 31, 2021 for P24,000
2	Purchased 10 units of facsimile machines on cash from Tiktok Corporation for a total price of P20,000
7	Sold 3 units of copiers to Juana Bay on account for a total amount of P45,000. The terms of the sale is 2/10,n/30.
10	Paid P5,600 for office supplies.
14	Collected from Juana Bay the full payment relating to September 7 sales.
15	Paid P10,000 salaries of office staff.
20	Sold on cash, 2 units of facsimile machines to Juan for P5,000.
30	Purchased delivery truck worth P300,000 with estimated useful life of 10 years with no residual value. Masaya paid P200,000 cash and balance payable 30 days after.