El Granado established the EG Data Encoders on May 15, 2014. The following transactions occurred during the month a. El Granado invested P157,000 cash to establish the business 6. Bought office desks and filing cabinet for cash, P15,150. c. El Granado invested in the business her personal computer with a fair value of P57,500 d. Bought computer software for use in the business from Dela Torre Computer Center for P39,000 paying P15,000 down; the balance is due in thirty days. e. Paid rent for the month, P5,300. f. Received cash for services rendered, P5,160. S. Ordered a panaflex sign for P9,000 from Royal Bright Enterprises, with P5,000 as down payment and the balance due when installed. h. Received bill for advertising from Buy and Sell newspaper, P3,320 1. Bought print paper and stationary on account, P2,290. j. Received and paid electric bill, P1,240. k Paid bill for advertising recorded previously in transaction (h). 1. Received cash for services rendered, P10,900 m. Paid salaries to employees, P8,400. n. El Granado withdrew cash for personal use, P4,500 Section Break (Continuous Required: 1. Journalize each transactions 2. Establish the following T-accounts: Cash El Granado, withdrawals Accounts Receivable Service Revenues Supplies Salaries Expense Office Equipment Advertising Expense Compute Software Rent Expense ! Signage Utilities Expense Accounts Payable Miscellaneous Expense El Granado, Capital 3. Prepare Trial Balance 4. Prepare Financial Statements Income Statements Statement of Changes in Capital Balance Sheet 1 I . I 1 I . . . 1