Question: please help me make a Journal Entry May 2 Gisel Ong opened Anime World Gallery. She invested P300,000 on this initial endeavor. May 3 Gisel
please help me make a Journal Entry
May 2 Gisel Ong opened Anime World Gallery. She invested P300,000 on this initial endeavor. May 3 Gisel Ong issued a promissory note for a P100,000 loan from Allay Bank. The note carries a 12% interest per annum. The interest and the principal are payable after one year. May 5 Gisel Ong acquired office equipment to be used for the office paying P180,000 in cash. May 5 Gisel Ong acquired furniture from Bloom's costing P40,000, paying P12,000 and the balance at the end of the month May 6 Gisel Ong rented office space and paid two months' rent in advance, all costing P18,000 May 7 Ms. Ong paid Asia Insurance Co. P10,800 for one year insurance of the gallery. May 8 The P7,200 worth of art supplies ordered from National Book Store were delivered an account. May 11 An oil painting of Naruto and an acrylic painting of L was delivered to Mr. Ku To. Gisel Ong billed Mr. Ku To P120,000 for the paintings delivered. May 12 Ms. Ong paid National Book Store P3,000 of the amount owned. May 15 Received P50,000 from Mr. Ku To as partial payment for the anime painting delivered last May 11. May 18 Gisel Ong withdrew P18,000 for personal use. May 20 Ms. Ong received P80,000 cash for a contract to paint Lelouch. May 23 Gisel Ong received cash from Ms. Uto San, P90,000, for a charcoal poster of Kirito May 25 Ms. Ong paid helper's salary of p4,000 for the month. May 29 Gisel Ong paid water bill of p540 for the month May 30 Ms. Ong received bill from Meralco amounting to P4,500 1. Purchased P20,000 worth of furniture from Ace on account 2. Dr. Dy withdraw P15,000 cash for personal use 3. Bought computer costing $65,000 using cash 4. Paid P2,000 interest on bank loan 5. Returned defective furniture to Ace, 97,000 6. Invested in a truck costing P360,000 for office use 7. Returned defective chair costing$2,400 bought using cash 8. Bought P1,800 worth of supplies for office use on account 9. Borrowed money from Buko Rural Bank, $500,000 10. Paid messenger's salary, P6,000 11. Paid Ace in full, P13,000 12. Received P8,000 note from customer 13. Rendered services for cash, P4,500 14. Purchased P800 worth of supplies on account 15. Paid P25,000 to Buko Rural Bank 16. Customer paid the note, P100,000 17. Paid utilities for the month, $7,899 18. Dr. Dy withdraw P1,200 worth of supplies 19. Rendered delivery services on account, P5,600