Willie Castillo is a painting Contractor. Here are the transactions of WC Painting Contractor in December 2021: December 2 Invested in the business painting equipment valued at Php12,300 and placed Php71,000 in a business checking account. 3 Acquired a service vehicle costing Php80,000 (estimated life of 5 years). Paid Php50,000 and signed a note for the balance. 4 Purchased from WonderPaint Supplies, Inc. painting supplies on account 3,200 5 Completed a painting job and billed Juan Carlos Php4,800. 7 Received Php1,500 cash for painting an apartment room of JayAr Sandoval. 10 Purchased from WB Paint Distributors, Inc. painting supplies for Php1,600 cash. 11 Received a Php4,800 check from the customer billed on December 5, 2022. 12 Paid Php4,000 for an insurance policy for a one-year coverage. 13 Billed a customer Php6,200 for a painting job. 14 Paid the assistant Php1,500 for twenty-five hours' work. 15 Paid Php400 for a tune-up of the service vehicle. 18 Paid for the painting supplies purchased on December 4 20 Purchased a new ladder for Php6,000 that has an estimated life of 5 years and painting supplies for Php2,900. 22 Received a telephone bill for Php600, due next month. 23 Received Php3,300 in cash from the customer billed on December 13. 24 Transferred Php3,000 to a personal checking account. 25 Received Php3,600 in cash for painting a two-room apartment. 27 Paid Php2,000 on the note signed for the service vehicle. 29 Paid salary of the assistant Php1,800 for thirty hours work.