A opened her Merchandising business on December 1, 2020 under the trade name A Mercantile with the following investments:

Cash on Hand $85,000

Merchandise Inventory $55,000

Store Furniture and Fixture $48,000

Store Equipment $29,000

Bank Loan Payable - Short Term $50,000

The ff. transactions occurred during December 2020:

Dec. 1 Opened a current account in the bank with initial deposit of $65,000.

1 - Sold merchandise on account to B Merchandising, $16,000.

Issued checks as payment for the ff. (expense method)

Rent for three months $9,000

Advertising for four months 3,200

Store Supplies 2,400

3 - Sold merchandise to C Trading, 20,000 on account. Freight paid out of cash on hand, 1,000.

4 - Received a merchandise return by B Merchandising amounting to P1,000.

5 - Purchased merchandise on account from D Supplier, 25,000.

7 - C Trading return a merchandise amounting to 2,400.

- Received 5,000 from B Merchandising as partial payment of the account.

9 - Sold merchandise to E Company, 16,000 on account.

10 - Received check from B Merchandising as full payment of the account.

- Returned a merchandise to D Supplier for damaged products, 1,500.

12 - Received a check from C Trading as full payment of the account.

15 - Issued checks as payment of the ff. (expense method)

Salaries and Wages $5,000

Insurance for three months 3,600

D Supplier as full payment?

For personal use 4,000

Light and Water 500

Postage Stamps 300

Travelling expenses 1,000

Additional Information for adjustments:

a. Merchandise December 31, 2020 per physical count, 42,000.

b. Store supplies expenses, 1,000.

c. Store furniture and fixture acquired on December 1, 2020 has 4 years estimated useful life with no salvage value.

d. Store equipment acquired on December 1, 2020 has estimated useful life of 6 years with a residual value of 1,000.

e. Doubtful account expenses is 3% of net sales.

f. The bank loan has 6% interest rate per annum, and payable 6 months after December 1, 2020.

g. Postage stamps used, 80.

h. Unpaid taxes and licenses, 500.

Required:

1.Record the transactions in a two-column general journal

2.Post to the ledger

3.Prepare the preliminary trial balance.

4.Record the adjustments in a two-column general journal

5.Make a 10 - column worksheet.

6.Prepare the statement of comprehensive income in good form

7.Prepare the statement of changes in owner's equity

8.Prepare the statement of financial position

9.Record the closing entries in a two-column general journal

10.Make a post-closing trial balance

11.Record the reversing entries in a two-column general journal

****PSSSS****

That was all the information given above, kindly answer it tutors, I beg you. I'm done with the journal entries (attached file) you can use it as a reference for the next requirements which is requirement 2 to 11. Thank you and stay safe always. Please use excel if possible then post the link here through google drive. God Bless and more powers, tutors. Gonna assure to rate you helpful with good comment.