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Prepare journal entries Jane Vivar started a delivery service, Jay Deliveries, on July 1 , 2 0 1 8 . The following transactions occurred during

Prepare journal entries Jane Vivar started a delivery service, Jay Deliveries, on July 1,2018. The following transactions occurred during the month of July.July 1She invested P100,000 cash.2Purchased a used van for deliveries for P120,000 by paying P20,000 cash and signed a two-year notes payable for the remaining balance.3Paid P15,000 for office rent for the month.5Delivery services amounted to P44,000, half on account.9Cash of P2,000 withdrawn by Jane.12Purchased supplies for P1,500 on account.15Received cash of P12,500 for services provided on July 5.17Purchased gasoline for P7,500 on account.20Received P15,000 from customers of which P5,000 was for past accounts.23Made a cash payment of P25,000 on notes payable.26Received bills for utilities P5,000 but paid only P2,500.29Paid gasoline purchased on account on July 17.30Paid P30,000 for employee salaries.

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