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Required: Determine the effect of each day's transaction to the accouniting equation. Use the following format as a guide.
C. Miss Janelle owns a restaurant in Laguna called Miss Janelle's Restaurant. The restaurant has been operating for several months now. Currently, it has the following accounts recorded in her books: (1) Cash P10000, (2) Accounts P2 000, (5) Owner's Equite P20 000, (3) Equipment P50 000, (4) Receivables P2 of April, the following (unknown), (6) Inventory P30 000. During the month of April, the fold transactions occurred:
1. Purchased inventory on credit for P20000
2. Borrowed additional P3 000 from a local bank
3. Purchased kitchen equipment for \( P 1000 \)
4. Paid the inventory purchased in credit
5. Celebrated their 10th anniversary. Mister Ramirez incurred the party expenses of P5 000 .
6. Disposed \( P 5000 \) worth of equipment and replaced it by purchasing \( P_{10} \) 000 new equipment through cash
7. Miss Janelle hired her sister, Joy, to help with the work in her restaurant, Joy signed a contract of employment with P5 000 as the starting salary.
8. Paid the bank P3 000 for the loan plus interest expense of \( P 500 \)
9. Paid income taxes of P1 000.
10. A break-in occurred in the restaurant. Inventory worth \( P 2000 \) was stolen.
11. A famous blogger discovered the restaurant of Miss Janelle. Miss Janell expects that this would boost the restaurant's sale by P 10000.
12. For the month of July, total sales amounted to P50000 in cash and P1000 in credit.
13. Cost of sales incurred for the month is \( 50 \% \) of the total sales.
14. Miss Janelle withdrew P4000 from her capital.
