Please make the journal entries.

Thanks tutor!

Carbs Computer and Cellphone Shop was opened by Carbs on November 01, 2020, with a cash investment of P200,000.00 and furniture worth P5,000.00 Additional transactions for the month

following;

November 2020

3 Signed Contract of Lease and deposited P15,000.00

4 Paid for the construction of display counters, P25,000.00

5 Bought repair supplies for cash, P7,500.00

6 Bought and paid for furniture and fixture, P45,000.00

8 Bought repair equipment worth P15,000.00 from XYO Co. for use in the store. Paid 50% with the balance to be paid within 30 days.

9 Collected P1,500.00 for cellphone repair services.

10 Billed Madison Corp. P3,500.00 for computer repair services rendered.

13 Paid for salaries of clerks, P5,000.00

14 Summary of cash received P4,000.00 and a promissory note for P2,000.00 for computer repair services

15 Signed a contract with Telecom System for the repair work to be done on their computers, P15,000.00

16 Paid for telephone, light and water, P3,800.00

17 Collected P1,500.00 from Madison.

18 Sent a bill to Telecom System for repair work done.

22 Total Cellphone repair work collected in cash, P8,500.00

25 Repair supplies used amounted to P2,200.00

29 Payments for: Salaries, P5,000.00; Rent, P5,000.00

30 Carbs made a personal cash payment of P2,500.00 to XYO Co.

Carbs used the following account titles: Cash; Accounts Receivable; Notes Receivable; Repair

Supplies; Office Furniture; Repair Equipment; Deposit for Rent; Accounts Payable; Carbs, Capital;

Carbs, Personal, Repair Fees Revenue; Repairs and Maintenance; Repair Supplies Used; Rent

Expense; Salaries Expense; and Utilities Expense.