214 I Basit Accounting NAME: SECTION SCORE: PROFESSOR Problem #11 Recording Transactions in T-Accounts and Preparing a Trial Balance Edmark Rustico opened a plumbing service, Alabang Plumbing. Operations began on Apr. 1, 2016, and the following transactions were completed during the month: Withdrew P57,000 from a personal savings account and used it to open a new account in the name of Alabang Plumbing. Apr. 1 2Acquired a service vehicle costing P81,000. A payment of P17,500 in cash was made and a note payable given for the P63,500 remainder 3 Paid rent for the month, P7,150 6 Acquired plumbing supplies on account P15,700 7 Paid for three months of advertising and recorded Prepaid Advertising in the amount of P6,000 Cash in the amount of P18,350 was recelved for plumbing services rendered 8 9 Acquired additional plumbing supplies for cash, P8,050 11 Paid salaries, P11,600. 15 Rendered plumbing services and billed the customer, P42,200 16 Paid P5,700 of the amount owed from the transaction of Apr. 6. 19 Paid miscellaneous expenses, P4,300. 20 Collected P21,000 from the customer on the Apr. 15 transaction 21 Withdrew P14,500 from the business. 22 Paid salaries, P14,100. Pald the first installment of the note payable, P3,850. Paid telephone expense, P1,250. Billed the Clement Resort for plumbing services rendered, P14,150. 25 27 Required 1. Establish the following T-accounts: Cash; Accounts Receivable: Plumbing Supplia Prepaid Advertising: Service Vehicle; Notes Payable: Accounts Payable; Rusio Capital; Rustico, Withdrawals, Plumbing Revenues; Salaries Expense; Rent Expense Telephone Expense; and Miscellaneous Expense. 2. Rscord the trao the ts using the dates of transactions to identify each transaction. Prepare a trial balance. 3