Record the following transactions of Renz Laundromat.

May 1 Leon Miguel opened an account with RCBC under Renz’s Laundromat
business name in the amount P1,500,000. He also invested a computer
worth P100,000 with a fair market value of P90,000.
2 Paid municipal taxes of P5,500 including license to operate
3 Bought a P900,000 condominium for his office paying 5/9 down payment
and signing a mortgage with BPI payable in Ten years for the balance
5 Bought furniture on credit P45,000
6 Returned P7,000 worth of furniture due to wrong specification
8 Bought washing machine P24,000 paid in cash
10 Purchased P5,600 office supplies
12 Paid furniture and fixtures purchased on account
14 Bought P600,000 van from business use. Terms: 25% cash; 40%
through a 30-day 10% note and balance on account
15 Made additional investment of P500,000 and equipment worth P60,000
with an assumed balance of P10,000
17 Mr. Miguel got P75,000 cash and office supplies worth P500 for his
Security Agency
19 Returned damage supplies, P880 and paid the note issued to Jade
Motors
24 Collected laundry services from various customers P200,000
25 Rendered laundry services on account P45,000
28 Paid electric consumption, P37,000 and salary of office secretary P7,600
30 Collected 2/3 from laundry services rendered last May 25

Renz Laundromat
General Journal
Date Account Title Debit Credit
May 1 Cash ₱1,500,000
Equipment 90,000
Miguel, Capital ₱1,590,000
Initial Investment
2 Taxes and Licenses Expense 5,500
Cash 5,500
Payment of Taxes and Licenses
3 Condominium 900,000
Cash 500,000
Mortgage Payable 400,000
Payment of Condominium with BPI Payable
5 Furniture and Fixtures 45,000
Accounts Payable 45,000
Purchase of Furniture
6 Accounts Payable 7,000
Furniture and Fixtures 7,000
Returned purchased of furniture
8 Equipment 24,000
Cash 24,000
 Purchase of washing machine
10 Office Supplies 5,600
Cash 5,600
Purchase of Office Supplies
12 Accounts Payable 38,000
Cash 38,000
Payment of Furniture
14 Van 600,000
Cash 150,000
Notes Payable 240,000
Accounts Payable 210,000
Purchase of Van from Jade Motors
15 Cash 500,000
Equipment 60,000
Miguel, Capital 550,000
Accounts Payable 10,000
Additional investment of Cash and Equipment
17 Miguel, Drawing 75,500
Cash 75,000
Office Supplies 500
Miguel's withdrawal
19 Cash 880
Office Supplies 880
Returned damage supplies
19 Notes Payable 240,000
Interest Expense 333.33
Cash 240,333.33
Payment of note issued
24 Cash 200,000
Laundry Revenue 200,000
Service rendered to customer
25 Accounts Receivable 45,000
Laundry Revenue 45,000
Service rendered on account
28 Utilities Expense 37,000
Salaries Expense 7,600
Cash 44,600
Payment of electric consumption and salaries
30 Cash 30,000
Accounts Receivable 30,000
Collection of 2/3 in service rendered last May 25