Question

transaction to this
1) Villanueva deposited P250000 in a bank account in the name of the business.
2) Bought chairs and a table paying cash, 6,700
3) Paid rent for the month, 5,750
4) Bought washing machines and dryers from Iloilo equipment company, P115,000, paying P35,000 in cash and the balance on account.
5) Revenues earned on cash basis for the first half of the month P19,250
6) Bought laundry supplies on account from Salvador Ho Supply Company, P3,250
7) Paid accounts to Iloilo Equipment Company, P7,000
8) Paid accounts to Salvador Ho Supply Company, P2,750

Answer 1

It seems Jamili has deposited his own money to a business Bank account. Then the journal entry will be :

Bank a/c Dr Rs.200,000

To Jamili's Capital a/c Rs.200,000

No need to add narration here as it is self evident. In practice though, a voucher is prepared with a detailed description.