Cel Lee, a graphic artist, started her own business on January 1, 2021. The following transactions transpired during the month of January:

1 Cel Lee invested the following to open her own CL Graphics: Cash 5,000 Laptop P20,000 Drawing tablet(no salvage value; useful life of 4 years) 10,900

2 Bought drawing supplies costing P500.

3 Paid rent for the month, P1,500. Received P2,000 for various services rendered.

5 Customers were billed P5,000 for logo design services rendered. Bought office chairs and a table for P3,000. All drawing supplies were consumed. Bought additional supplies worth P1,000.

7 Received light and water bill, P2,000.

8 A customer paid P2,000 for stickers customization.

9 Bought printer costing P10,000 on credit.

10 Received from various customers P4,000 for services rendered.

13 P3,500 is paid on the collectibles on January 5.

15 Bought and used P500 worth of drawing supplies. Paid the light and water bill.

16 Paid for the printer partial, P5,000.

19 Received P5,000 for photo editing. Miscellaneous expenses paid, P1,000.

23 Billed customer P3,500 for services rendered.

24 Collectibles on January 5 were paid fully.

27 A customer issued a note for magazine layout service payable at the end of the month, P4,000.

28 Withdrew P2,000 for personal use.

29 Paid licenses and taxes, P2,500.

30 Cash received for services rendered, P5,000. Paid telephone bill, P1,250.

31 Collected the note from the customer from January 27 .

Chart of Accounts:

101 Cash 102 Accounts receivable 103 Notes receivable 104 Drawing Supplies 105 Furniture and fixtures 106 Laptop 107 Drawing tablet 108 Printer 202 utility payable 201 Accounts payable 301 CL Capital 302 CL Drawing 401 Service income 501Rent expense 502 Utility expense 503 Miscellaneous expense 504 Licenses and taxes expense 505 Telephone expense 506 Drawing supplies expense

Required: a. Journalize the following transactions b. Post the accounts in their respective ledgers c. Trial Balance d. Statement of Cash Flows e. Statement of Comprehensive Income f. Statement of Changes in Equity g. Statement of Financial Position