Mr. Lee Laban opened his laundry business in Puerto Princesa
City on January 2, 2021. The following transactions occurred during
the month of January 2021;


DATE
TRANSACTIONS
1/2/21 Invested P500,000 to business. The trade name of the
business was "MR. LABANDERO"
1/3/21 Hired Allan and Allie, who will manage his business
1/4/21 Collections from various customers for the day - P3,000
1/5/21 Purchase store supplies from Washy Store - P10,000
1/6/21 Collections from various customers for the day - P8,000​