3. Juan de la Cruz began professional practice as a system analyst on July 1 2018. He plans to prepare a monthly financial statement. During July, the owner completed these transactions July 1. Owner invested S 500,000 cash along with computer equipment that had a market value of S 120,000 two years ago but was now worth S 100.000 only July 2. Paid S 15,000 cash for the rent of office space for the month. July 4. Purchased 12.000 of additional equipment on credit (due within 30 days) July 8. Completed work for a client and immediately collected the S 32.000 cash. July 10. Completed work for a client and sent a bill for $ 27,000 to be paid within 30 days. July 12. Purchased additional equipment for S 8,000 in cash. July 15. Paid assistants 6.200 cash as wages for 15 days July 18. Collected $ 15,000 on the amount owed by the client. July 25. Paid S 12,000 cash to settle the liability on the equipment purchased. July 28. Owner withdrew S 500 cash for personal use July 30, Completed work for another client who paid only $ 40.000 for 50% of the system design. July 31. Paid salary of assistant $ 700 July 31. Received PLDT bill, S 1,800 and Meralco bill S 3,800 5 Required a) Prepare the journal entries for all the above transaction (4 Marks) b) Prepare ledger Accounts c Summarize the ledger balance in to a trial balance for this business. (3 Marks) (2 Marks) 5