Kindly journalize the transactions.
March
1 Sabine Callas invested P1,500,000 cash in the business.
5 Purchased desks and other office furniture for P200,000 from F & F Furniture; received Invoice # 6704, payable in 60 days.
6 Issued Check # 1001 for P205,000 to purchase art equipment. 7 Purchased supplies for P83,500, paid with Check # 1002.
10 Issued Check # 1003 for P15,000 for office cleaning service.
12 Performed services to Titan Merchandising for P300,000; received 70% cash, the balance on credit. (Use compound entry).
15 Returned damaged supplies, received P15,000 cash refund.
18 Purchased a computer for P150,000 from Office R Us; Invoice # 304; issued Check # 1004 for P87,500 as down payment, the balance is payable in 30 days. (Use compound entry).
20 Issued Check # 1005 for P125,000 to F & F Furniture, as payment on account for Invoice 6704
26 Performed services to North Star Corporation for P240,000 on credit.
27 Paid P18,000 for monthly telephone bill, issued Check # 1006.
29 Paid March office rent of P60,000 issued Check # 1007.
30 Received P90,000 from Titan Merchandising as full payment for services rendered on March 12.
30 Issued Check # 1008 to pay the monthly electricity bill of P20,000.
30 Issued Check # 1009 for P120,000 for salaries.
30 Sabine Callas withdrew P50,000 for personal use, issued Check # 1010.