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Fundamentals of Accountancy and Business Management 1 Expected Output (February 2021) Instruction: Identify the accounts affected by the following transactions. Ibarra Javier owns an upholstery shop and the following transactions have been completed in the month: 1. Invested additional Php 35,000 cash on the business 2. Purchase and used supplies amounting to Php 15,000 3. Paid monthly rent of Php 5,000 4. Received billings for water Php 2,000 and electricity Php 5,000 5. Issued promissory note to creditors for Php 10,000 6. Billed customers on account for services rendered amounting to Php 75,000 7. Paid cash for fire insurance for the month Php 5,000 8. Received cash from customers Php 35,000 9. Withdrew cash from business amounting to Php 20,000 10. Paid salaries of helpers and staff Php 30,000