Mr. Laban Deyro opened his laundry business in Iloilo City on January 2, 2018. The following transactions occurred during the month of January 2018:

DATE TRANSACTIONS

Jan.        2/18       Invested PHP500,000 to his business. The trade name of the business was “MR.

                LABANDERO” 1/3/18 Hired Allan and Allie who will manage his business

4/18       Collections from various customers for the day - PHP3,000

5/18       Purchase store supplies from Labada Store - PHP10,000

7/18       Collections from various customers for the day - PHP8,000

8/18       MR. LABANDERO entered into an exclusive contract with Sikat Hotel where the business will do all the laundry of the hotel.

9/18       Sikat Hotel availed the services of MR. LABANDERO amounting to PHP15,000. Payment will be made on January 20, 2016.

               

10/18    Collections from various customers for the day - PHP12,000

12/18    Purchase a washing machine amounting to PHP50,000

15/18    Collections from various customers for the day - PHP20,000

19/18    Paid electricity bill for the month amounting to PHP18,000

20/18    Received payment from Sikat Hotel amounting to PHP15,000

               

21/18    Paid salaries of Allan and Allie - PHP15,000

22/18    Mr. Laban Deyro needed money for the hospitalization of his son. He withdrew PHP18,000 from the business.

25/18    Paid airfare ticket of PHP1,500 for the travel of Mr. Deyro to Manila to negotiate a contract with Sosyal Hotel

26/18    Paid taxes to the City of Iloilo, PHP4,000

               

27/18    Purchased office supplies amounting to PHP12,500

               

28/18    Collections from various customer for the day - PHP5,000

29/18    Sosyal Hotel availed the services of MR. LABANDERO amounting to PHP15,000 payable on Feb 25, 2018.

Required: Prepare the general journal entries for the above transactions

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