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problem solving. journalize the following transactions. On March 1 of the current year, R. Traquea opened a T.V. repair shop by investing P500,000 cash in

problem solving.

journalize the following transactions.

On March 1 of the current year, R. Traquea opened a T.V. repair shop by investing P500,000 cash in the business. He had completed the following transactions in the said month.

march 2 - Paid the rent on the shop space for the month, P4,000.

5 - Purchased shop supplies for cash, P13,500.

7 - Paid P4,500 for newspaper advertising.

8 - Completed repair work to various customers and received P75,000 in full payment.

9 - Completed repair work for R. Locking on credit, P45,000.

13 - Purchased a filing cabinet from M. De Mesa Trading on credit P25,200.

15 - Paid M. De Mesa Trading.

19 - Received payment from R. Locsin.

25 - Paid utility bills, P1,750.

26 - Withdrew P5,000 cash for personal living expenses.

27 - Purchased a service van, P200,000 on credit. Gave P80,000 cash and a note for the balance.

30 - Paid the helper's salary, P5,000.

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