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Create a journal entry the following transactions using journal sheets.
May 1 Buddy Bungal invested P210,000 in Bud’s Computer Repair Shop.
2 Purchased repair equipment from Ocean Park for P30,000. Check was issued in the amount of P18,000 with the balance being placed on account.
8 Repaired a customer’s computer billing him, for P5,000.
10 Repaired a customer’s computer for P8,800 of which 80% was collected with the balance on account.
12 Received and paid the telephone bill by issuing check in the amount of P3,000.
13 Purchased repair supplies by issuing a check in the amount of P3,000.
14 Collected the amount due from customer from transaction dated May 8.
18 Hired additional helper for the shop with the salary of P5,000 per month.
19 Paid P9,000 as partial payment for Ocean Park.
20 Repaired customer’s computer and collected P6,000.
25 Received electric bill for the month amounting to P1,500.
30 Buddy Bungal withdrew P5,000 for personal use.
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