Haydee Carpio opened a beach resort called Blue Lagoon in Nasugbu Batangas by investing a cash of P100,000, furniture and fixtures of P20,000 and office equipment of P50,000 on April 1. She signed a...

Haydee Carpio opened a beach resort called Blue Lagoon in Nasugbu Batangas by investing a cash of

P100,000, furniture and fixtures of P20,000 and office equipment of P50,000 on April 1. She signed a

contract of lease to use the property of her aunt for ten years promising to pay a monthly rental of