Prepare journal entries for each of the following transactions of John Disiplina for the Month of May 2020. May. 01 John Disiplina has a talent for painting. He is into charcoal, water color, acrylic, and oil painting. Having the flair for it, He started studying painting under a private tutor at the age of 10, because of many requests for the job paintings. John Disiplina is getting from prospective customers; he decided to put up an Art Gallery. He invested P 758,000 in this initial investment. Acquired transportation equipment to be used for delivery P 254,000 cash. Rented office space and paid two months' rent in advance, P 35,000. May. 01 May. 01 May. 02 John Disiplina issued a promissory note for P 200,000 loan from bank. The note carries a 12% interest per annum and payable for one year. May. 02 Hired an office secretary with P 5,000 monthly salary. The secretary started work on the same day.