Question 47 5 Point Refer to the transaction below. Use T-account to summarize the transactions affecting cash account only. Compute the ending balance of cash. 1. The company issues stock in exchange for P300,000 cash 2. Purchased P4,000 of supplies on credit. 3. Purchased equipment for P80,000, paying P20,000 in cash and signed a promissory note for the balance. 4. Real estate commissions billed to clients amount to P40,000. 5. Paid P7,000 in cash for the current month's rent. 6. Paid P2,000 cash on account for supplies purchased in transaction 2. 7. Received a bill for P6,000 for advertising for the current month. 8. Paid P22,000 cash for office salaries and wages. 9. The company paid dividends of P15,000. 10. Received a check for P30,000 from a client in payment on account for commissions billed in transaction 4. The ending balance of cash is Blank 1