Integrating Problem (5 points, 5 points with correct formatting of journal entries)

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Integrating Problem (5 points, 5 points with correct formatting of journal entries).

1. What is the total Debit/Credit of the transaction?

Cesar, a sole proprietor, started a business. During January 2022, the first month of operations, the following transactions occurred:

January

a. 1- Invested cash in the business, P100,000.

b. 2- Bought various office supplies for cash, P20,000.

C. 3- Loaned P50,000 from a bank for additional funds.

d. 3- Hired a worker to assist him in the business for a salary of P5,000 per month.

e. 10- Bought office furniture on account, P30,000.

f.  10- Bought an equipment worth P60,000. The company made 60% cash down payment and the balance on open account.

g 15- Invested additional cash in the business, P5,000.

h. 15- Bought another equipment worth P80,000. The company made 50% cash down payment and issued a promissory note for the balance.

i. 18- Withdrew P2,000 for personal use.

j.  20 - Paid P10,000 of the amount due in transaction (e).

k. 25 - Settled the promissory note in transaction (h) using the owner's own cash.

Your answer with solution please