Question: Exercise 2: Using the table below, prepare recording transactions with the following situations: 1. Lance deposited P1,500,000.00 in the bank on January 15. 2.

Exercise 2: Using the table below, prepare recording transactions with the following

Exercise 2: Using the table below, prepare recording transactions with the following situations: 1. Lance deposited P1,500,000.00 in the bank on January 15. 2. On January 22, Lance withdrew from the bank P750,000.00. 3. Lance bought on that same day a laptop worth P65,000.00. 4. Lance paid all the bills for the month of December worth P35,000.00. 5. Lance bought new tables and chairs on January 25 worth P50,000.00. DATE PARTICULARS EXPENSE (DEBIT) INCOME BALANCE (INCOME)

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