Prepare the journal entry to record the following independent...

Prepare the journal entry to record the following independent transactions:

1. Siopao Queen paid its P1,390 electric bill for the month.

2. Friendly Store sold for cash, P4,5000 worth of merchandise. The cost of goods sold is P2,300. The company uses perpetual inventory system

3. Waldo Merchandising purchased on account P23,000 goods for resale from Melody Inc. The company uses periodic inventory system.

4. Waldo Merchandising purchased on account P23,000 goods for resale from Melody Inc. The company uses periodic inventory system.

5. Seth Laundry Company paid advertising contract for one month, P2,000.