On January 1, 2012, Cristina Palacios invested P 50,000 cash to open up a service business, CP Cleaning Agency, which completed the following transactions:- Jan 2 Purchased on account cleaning equipment for business use, P 46,800. 3 Rendered services worth P 7,600 to a customer on account. 5 Received P 25,000 cash loan from a local bank covered by a promissory note. 8 Bought office furniture worth P 32,000, giving a down payment of P9,000, and the balance charged on account. 10 Received advance payment of P 9,600 from a customer for services to be provided in the future. 12 Paid in cash cleaning supplies worth P 8,400. 15 Paid one-third (1/3) of the amount due to the cleaning equipment bought on Jan 2. 17 Collected P 5,700 cash from a customer on account. 19 Rendered services worth P 10,500 to a customer who gave a partial payment of 40% of the amount, and issued a promissory note for the balance. 22 Paid one half of the account due to office furniture bought on Jan 8. 25 C. Palacios withdrew 4,000 for personal use. 27 Billed a customer P 6,830 for services rendered. 28 Paid one-fourth (1/4) of the loan obtained from the local bank. 29 Provided services worth P 3,200 to the customer who paid in advance on Jan 10. 30 Paid the salary of cleaning staff, P 7,500, and office rent for the month, P 5,000