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Santos Company had the following transactions for the month of August 1. Aug. 8, 2020 2. Aug. 5, 2020 3. Aug. 8, 2020 Made

Santos Company had the following transactions for the month of August 1. Aug. 8, 2020 2. Aug. 5, 2020 3. Aug. 8, 2020 Made an additional investment of P10,000 cash. Borrowed P50,000 from a bank. Purchased 1,000 units of merchandise at P15 per unit in cash. 4. Aug. 15, 2020 Purchased 2,000 units of merchandise at P20 per unit on credit; 5. Aug 20, 2020 Purchased equipment and paid P50,000 in cash

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