Posting to the ledger make it clear

Jounal Entries For JV Consultancy for the month of January, 2016 Credit Date Account Title and Explanation 1-Jan-16 Bank Computer Mr Velmonte's Capital (to record introduction of capital) Debit P 880,000 P 67,000 P 947,000 P 75,000 2-Jan-16 Mongolia Corp Consultancy Service (to record consultancy service provide on account) P 75,000 P 700,000 3-Jan-16 Transportation Equipment Mitsubishi Motors (to record transportation equipments bought) P 700,000 P 190,000 7-Jan-16 Cash Consultancy Services (to record consultancy services provide on cash basis) P 190,000 P 32,000 15-Jan-16 Kodak.Co Consultancy Services (to record consultancy services provide on account) P 32,000 P 700,000 16-Jan-16 Mitsubishi Motors Cash (to record cash paid to mitsubishi motors) P 700,000 P 15,000 18-Jan-16 Cash Kodak.Co (to record cash collected from Kodak.co) P 15,000 P 980 20-Jan-16 Water Expense Water Expense Payable (to record water expense) P 980 P 2540 26-Jan-16 Electricity Expense Cash (to record payment of electricity expenses) P 2540