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a. Prepare Journal Entries for the month of December, 2018. b. Post to ledger accounts in T-account or running balance form. c. Prepare a Trial

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a. Prepare Journal Entries for the month of December, 2018. b. Post to ledger accounts in T-account or running balance form. c. Prepare a Trial Balance at December 31, 2018. d. Prepare Balance Sheet at December 31, 2018. 11:37 AM Q2. CDB Parking decided to start a parking lot on December 01, 2018. The following transactions occurred during December prior to regular operations. [CLO-2] Dec 01: the Owner Mr. Sam opened a bank account in the name of the business with a deposit of Rs. 25 million. Dec 02: Purchased Land to be used as parking lot for a total price of Rs5,500,000. A 20% cash down payment was made and a Written Promissory Note was issued for the remaining amount. Dec 05: Rented a small building next to the parking lot and paid advance rent for a year at the rate of Rs.75,000 per month. Dec 12: Purchased office equipment on credit from Simple Co. for Rs. 400,000. Dec 15: Purchased Radio Advertising from FM 101 to be aired in January. The cost was Rs 140,000 payable within 30 days. Dec 28: Paid 400,000 of the amount owed to Simple Co. Use the following range of account numbers Assets 1-29, Liabilities 30-49, Owner's Equity 50-59, Revenue 60-69, Expense 11:36 AM

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