Prepare the entries to record the following independent transactions with explanations.
•On January 4, 2016, received 20,000 from a customer in payment for services rendered.
• Payment to X Supplier amounting to 4,000 for the office supplies purchased on January 3, 2016
• Maria Invested 60,000 on January 18, 2016 to start a barbershop in Iligan City.
• On January 3, 2016 paid 10,000 rental amount for the month of January 2016.
• On January 15, 2016, Peter Pawn withdrew 30,000 from his business to pay for the tuition of his son.
• Collected 20,000 of the accounts receivable from malakas Company on January 17, 2016.
• Paid the salary of the secretary amounting to 15,000 on January 18, 2016
• Purchased office Equipment worth 20,000 by paying 40% down payment and the balance on account.
• Paid 2,000 of the accounts payable on January 28, 2016.
• Rendered services to clients on January 18, 2016 amounting to 15,600.
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