The following were the transactions of IzzyToledo for the month of November 2018.

Nov.2 - Started a sewing business with an initial investment of P150,000.

3 - Purchased three sewing machines at a total cost of P150,000 under the following terms: Downpayment, 30% Balance payable in 3 equal monthly installments.

4 - Bought sewing supplies on cash, P5,000

5 - Rendered services to various customers:

On cash basis, P25,000

On account, P40,000

8 - Paid the space rent for the month, P8,000.

9 - Paid the following expenses:

Business Permit, P2,500

Salaries of the workers, P6,000

Repairs and Maintenance, P1,5000

10 - Received notes as payment of the account on November 5 transaction

15 - Billed various customers for services rendered, P12,000

18 - Withdrew P3,000 for personal use

20 - Opened a checking account with Summit Bank and deposited, P100,000

22 - Collected 50% of the notes received on November 10

25 - Paid the salaries of the workers for the remaining half-month, P6,000

28 - Received a bill from Daily News for the advertisement, P5,000

30 - Collected in full the November 15 transaction.

Required: Jounalizing

Ledger

Unadjusted trial balance

Comprehensive income

Financial Position