Hi I need help on what is the trial balance and adjusting entries of this activity. Below are the questions and the references of journal entries and ledger are in the comment section. I hope that you can help me and surely I will give you FULL positive feedback

12:45 .all all 62 Document (19) - Saved .. . Journalize using T-account the following transactions of Alarcon Portrait Studio and construct the Trial Balance and adjust the necessary adjustments, and the Adjusted Trial Balance, Income Statement and the Balance Sheet. Transaction of Alarcon Portrait Studio Dec 1 Invested P300,000 for a start of the business 1 Paid two months rent is advance for the studio, P40,000 2 Bought photography equipment on account, P100,000 5 Purchased office equipment for cash P50,000 8 Purchased photography supplies for cash P30,000 15 Received cash for portraits P70,000 16 Billed customer for portraits P25,000 21 Paid % of the photography equipment purchased on December 2 22 Paid utility for the month of December P15,000 28 Received payment from customer billed Dec. 16, P12,000 29 Alarcon Withdrew cash for personal use P20,000 30 Received cash from customer for portraits P22,000 31 Paid wages of employee 23,000 the payroll voucher showed the ff. Information. Gross Pay P25000 Less: Deductions SSS P1200 Phil heath 400 Pagibig 400 Net Pay P23,000 BIUDA O O12:45 .all . | 62 Document (19) - Saved O G .. . Adjustments: A. Rent for the month is 20,000 B. The photography supplies have a balance of 12,000 C. Depreciation of the equipment was 15,000 D. Bad debts, 1,500 E. Equipment depreciation at 2000 BIUDA O O