Reference no: EM132954488

Question - Making a general journal entry of the below transactions. Business: Repair shop

On January 1. Melvin invested Php500,000 to start his business

On January 2. He purchased equipment on cash Php35,000

On January 5. He purchased supplies of Php12,500

On January 8. Purchased furniture and fixtures on account Php75,0000

On January 9. Received payment from cash customers Php17,500

On January 12. Billed customers on account 18,800

On January 14. Paid rent Php7,500 and utilities Php3,850

On January 15. Paid salaries Php12,800

On January 15. Withdrew cash, Php10,000

On January 15. Paid miscellaneous Php2,300