TRANSACTIONS:

1.Invested cash P 200,000 for laundry shop business.

2.Bought office equipment P 20,000 for cash.

3.Customers billed on account P 40,000.

4.Paid rent P 5,000 for the month.

5.Bought Furniture and Fixtures P 25,000 on credit from Y. Com.

6.Paid salaries P 9,000.

7.Cash received P 50,000 from various customers.

8.Collected partially P 20,000. (3)

9.Paid account to Y Com. P 10,000.

10. Withdrew cash P 6,000 for personal use.

11. Paid light and water bills P 6,000.

12. Additional cash P 50,000 for the business.

13. Paid insurance P 5,000.

14. Paid advertising P 8,500.

15. Billed Mr. B P 30,000 for laundry services rendered to him.

Requirements: