Juanito Guttierez, an architect, obtained a business permit and opened a business

called Guttierez Architectural Services. During the month of April, he completed the
following transactions:

April
3 Began his business by contributing equipment valued at P126,500 and
placing P250,000 in a business checking account in the name of the
company.
4 Purchased a used truck costing P78,000. Paid P28,000 in cash and signed
a note for the balance.
5 Purchase supplies on account for P6,500.
6 Completed an architectural design and billed the customer for P30,000.
10 Received P25,000 in designing a house.
12 Hired an assistant to work with him at P20,000 a month.
13 Purchased supplies for cash P7,400.
14 Received a P15,000 check from the customer billed last April 6.
15 Paid P8,000 for an insurance policy for 1 year coverage.
16 Billed a customer P30,000 for an architectural job.
17 Paid the assistant one half of his monthly salary.
19 Paid P1,200 for a tune up for the truck.
20 Paid the supplies purchased on April 5.
21 Purchased a new equipment for P24,000 and architectural supplies for
P6,000, on account.
23 Received a telephone bill for P3,200, due next month.
24 Received P16,600 in cash from customer billed on April 16.
26 Received P7,500 in cash for an architectural design in a six-room
apartment.
28 Paid P20,000 on the note signed for the truck.
29 Paid the assistant on half of his monthly salary.
30 Mr. Guttierez withdrew P22,000 for personal use.

REQUIRED:
1. Record these transactions in the general journal. Use the accounts listed below.
2. Set up the following T-accounts and post all the journal entries.