Seatwork: Post the following transactions in a journal and cash ledger (INDIVIDUAL) SET A: 1. Mrs. Bautista started a business of her own with a cash investment of P500, 000.00. 2. The business bought merchandise worth P40,000.00 in cash. 3. She paid the rent of P10,000.00 for the month. 4. She purchased merchandise worth P50, 000.00 on account.
5. She withdrew P25, 000.00 in cash for personal use.
6. She sold merchandise worth P20, 000.00 on account. 7. She made a payment to the creditor ( #4)
8. Debtor paid his account (#6). 9. She paid salaries amounting to P15,000.00 for the month.