Answer the following transactions with solution and explanation on how did you get the answer from numbers 1-15. Please read and follow the direction.

Exercise 13 Direction: Below are the selected transactions of Casey's Bookstore. Indicate by means of letters the journals to be used: A. sales journal B. cash disbursements journal C. Purchases journal D. cash receipts journal E general journal where each of the following transactions should be recorded. Give the journal entries in each book 1. Mr. Casey made additional investments: cash of P50,000 and furniture worth P15,000. 2. Office equipment was purchased on account, P10,000. 3. Merchandise purchases amounted to P15,000. Terms: P5,000 down, balance 2/10, n/30. 4. Sales on account amounted to P12,000. 5. Account purchases in No. 3 was paid within the discount period. 1 1 6. A credit memo for P1,000 was issued to a customer in No. 4. 7. Cash sales amounted to P5,000. 8. Operating expenses paid P3,000. 9. Borrowed P10,000 from the bank and issued a promissory note. 10. P10,000 was collected from the account sales in No. 4. 11. Sold to a customer who gave a promissory note, P2,500. 12. Purchased office supplies on account, P150. 13. Received a telephone bill for P300. 14. Note of customer in No. 11 was dishonored. 15. Cash purchases amounted to P15,000