SOLVE Using the above accounting forms. ALL TRANSACTION ARE IN THE MONTH OF MARCH 1 Mr. Gabriel & Ms. Zamora invested P1.500,000 each to a newly formed business, Bountiful Catering Services 2 Bought different kitchen equipment, P650,000 on credit from 5 Dragon Machines, furniture P330,000 on credit from Adessa and assorted ingredients P300,000 cash and other products for resale from SMC P95.000 on credit 7 Serve the wedding reception of Mr Pascua & Ms. Santos for P145,000. P100,000 was paid in cash and the balance payable on credit 8 Deposited P2,000,000 to AUB 10 Bought catering equipment, P150,000 from AUB account 14 Ms. Zamora withdrawed P50,000 from her investment 16 Initially paid P500,000 to 5 Dragons & P200,000 to Adessa from the AUB account 20 Served the christening of Baby Jam of Mr. & Mrs. Hamilton, P85,000 22 Received payment from Mr. Pascua & Ms. Santos, P45,000 24 Served the birthday party of Mr. Sy. P165,000 cash 26 Mr.Gabriel increased his investment, P250,000 31 Paid the March salary, P35,000 A/P - 5 Dragon Machines A/P - Adessa A/P SMC Accounts Receivable (Mr. Hamilton) Accounts Receivable (Mr. Pascua) Cash in Bank - AUB Cash on Hand Equipment No. of Entries 1 2 7 8 10 14 16 Debit 1 4 2 1 1 1 2 Credit 2 4 1 1 1 1 1 GJ-GRAND TOTAL GL-GRAND TOTAL TB-GRAND TOTAL TB-BALANCES Furniture and Fixtures Merchandise Inventory Mr. Gabrial, capital Ms. Zamora, capital Raw Materials Salary Expenses Service Income No. of Entries 20 22 24 26 31 Debit 1 1 1 1 1 8,000,000.00 3,970,000.00 Credit 1 1 1 1 1