Oct. 1 Oct. 3 Oct. 4 The owner contributed $800,000 cash to the business. The business purchased inventory worth P100,000 on cash basis. The business purchased inventory worth $400,000 on account. The business sold goods for P300,000 cash. The cost of the goods sold is 120,000. The business sold goods for $700,000, on account. The cost of the goods sold is P280,000. The business paid $400,000 accounts payable. Oct.8 Oct.12 Oct. 15 Scanned with CamScanner Oct. 17 The business collected P700,000 accounts receivable The business purchased equipment worth $280,000 ft Oct. 18 cash. 22 The owner withdrew P20,000 from the business. Oxt. 31 The business paid salaries expense of P50,000. Requirement: Provide the joumal entries to record the transaction