Mr. Laban Deyro opened his laundry business in Iloilo City on January 2, 2021. The following transactions occurred during the month of January 2021: DATE TRANSACTIONS 1/2/21 Invested PHP500,000 to his business. The trade name of the business was MR. LABANDERO 1/3/21 Hired Allan and Allie who will manage his business 1/4/21 Collections from various customers for the day - PHP3,000 1/5/21 Purchase store supplies from Labada Store - PHP10,000 1/7/21 Collections from various customers for the day - PHP8,000 1/8/21 MR. LABANDERO entered into an exclusive contract with Sikat Hotel where the business will do all the laundry of the hotel. 1/9/21 Sikat Hotel availed the services of MR. LABANDERO amounting to PHP15,000. Payment will be made on January 20, 2021. 1/10/21 Collections from various customers for the day - PHP12,000 1/12/21 Purchase a washing machine amounting to PHP50,000 1/15/21 Collections from various customers for the day - PHP20,000 1/19/21 Paid electricity bill for the month amounting to PHP18,000 1/20/21 Received payment from Sikat Hotel amounting to PHP15,000 1/21/21 Paid salaries of Allan and Allie - PHP15,000 1/22/21 Mr. Laban Deyro needed money for the hospitalization of his son. He withdrew PHP18,000 from the business. 1/25/21 Paid airfare ticket of PHP1,500 for the travel of Mr. Deyro to Manila to negotiate a contract with Sosyal Hotel 1/26/21 Paid taxes to the City of Iloilo, PHP4,000 1/27/21 Purchased office supplies amounting to PHP12,500 1/28/21 Collections from various customer for the day - PHP5,000 1/29/21 Sosyal Hotel availed the services of MR. LABANDERO amounting to PHP15,000 payable on Feb 25, 2021.