COMPLETE SOLUTIONS. ANSWER WHAT IS REQUIRED. JOURNAL ENTRIES, POST A T- ACCOUNT, A TRIAL BALANCE, INCOME STATEMENT AND BALANCE SHEET.

ALSO COMPUTE FOR THE COST OF GOODS AVAILABLE FOR SALE AND COST OF GOODS IN CORRECT FORMAT.

FOLLOW THE REQUIREMENTS AND INSTRUCTIONS. THANKYOU SO MUCH! complete solution please

Jan Masipag Repair Shop was organized by Mr Mario Masipag on January 2 2019. The business accepts repairs of shoes and offers other allied services Ai the start, Mr. Masipag invested the following Cash P 30,000 Machine 50.000 Shop Supplies 5.000 3. R 5 The following transactions occurred in January 2018 Jan. 3 - Paid Taxes and licenses P3,000, 4- Bought additional shop supplies for cash P6,000 5-Paid advertising cost to the Star News to promote his business, P1,500. Jan 3 - Paid the rental for three months, P3,000 6 - Paid Lucas Lapar P1,000 as commission for soliciting clients. 8 - Received P5,000 for repairing military shoes 9-Several bags were repaired for which cash of P5,000 was received 10 - Repair of Tricycle "toldas" on account for P15,000 12 - Rendered repair services to Mr. Pedro Penduko amounting to P10,500 for which 50% down payment was received and the balance payable at the end of the month 15- Paid wages of helpers, P 4,000, 17 - Bought a new machine from Singer Sewing Machine Co., on installment P70,000 paying P10,000 and the balance with a note. Jan. 19-Received P15,000 from customers for repair services 20 - Paid commission of P500. To a soliciting Agent 22 - Receipts for the week, P10,000 Jan. 25 - Paid P1,000 for the repairs of a machine. 27 - Bought a typewriter for P3,000 for office use for cash 30 - Paid light and water, P500 31 -- Received full payment of Mr. Penduko's account. 31 - Paid salaries P3,000. REQUIREMENTS: 1 Using 4 columns Columnar Paper, prepare the following: a.) Journal entries for Masipag Repair Shop for the month of January 2018. b.) Post to T-Account c.) Prepare a Trial Balance. d.) Income Statement e.) Balance Sheet II. Compute the cost of goods available for sale and the cost of goods in the correct format using these data: Purchases Sales Merchandise Inventory Beginning Merchandise Inventory End Operating Expenses P 3,000 P 5,000 800 1,000 1,000