A business had the following transactions during the period : 1. The business owner provides P600,000 capital to the business. 2. The business renders services worth P200,000 on cash basis. 3. The business bills clients for services rendered worth P300,000 on account. 4. The business pays salaries expense of P180,000. 5. The business collects P100,000 account receivable 4 Requirement: a. Provide the journal entries. b. Post the entries to the ledger (use T-accounts). c. Answer the questions below: a. How much are the total service fees earned during the period? b. How much are the total collections from clients during the period? c. How much are the total disbursements during the period? d. How much cash does the business have at the end of the period? e. How much are the outstanding accounts receivable from clients at the end of the period ?