Jab Less Services Chart of Accounts Cash Jab, Capital Accounts Receivable Service Income Equipment Salary Expense Accounts Payable Utilities Expense Presented below are the transactions of Jab Less Services. 2017 Sept Jab invested P125,000 in the business 7 Purchased equipment from X. Co.; P35,000 on account Rendered services on account to various customers P75,000 30 Paid salary for the month P15,000 30 Paid utilities for the month P2,300 Additional information: E. Depreciation of equipment is P1,000' b. Doubtful accounts at year end are estimated to be P800 Requirements. 21-25 Journalize the transactions 34-35 Give the adjusting entries 26-33 Post them to the T-accounts 36-40 Prepare a 10-column worksheetYenar Merchandising Trial Balance December 31, 2017 Cash P 80,600 Accounts Receivable 109, 100 Notes Receivable 465,000 Merchandise Inventory 371,250 Prepaid Rent 72,000 Office Supplies 5,000 Prepaid Insurance 15,000 Furniture and Fixtures 330,000 Accumulated Depreciation-Furniture and Fixtures P 81,000 Office Equipment 270,000 Accumulated Depreciation-Office Equipment 67,500 Accounts Payable 225,000 Notes Payable 54,000 Mortgage Payable 105,000 Yenar, Capital 598,500 Yenar, Drawing 1 12,500 Sales 3,375,000 Sales Returns and Allowances 150,000 Sales Discount 142,500 Purchases 1,687,500 Freight-in 25,500 Purchase Returns and Allowances 101,250 Purchase Discount 33,750 Salaries Expense 270,000 Utilities Expense 450,000 Advertising Expense 56,250 Delivery Expense 27,000 Interest Expense 1,800 Total P 4,641,000 P 4,641,000 Additional pieces of information determined for December 31, 2017 are as follows: a. Depreciation of Furniture and Fixtures is P27,000 and that of office equipment is P33,750 b . Office supplies used during the year amounted to P5,000 Insurance expired during the year is P6,000 d. Ending inventory amounted to P 45,000- e. Doubtful accounts at year-end are estimated to be P 4.500 f. Rent expired during the year is P 66,000 g Unpaid salaries at year-end amounted to P 54,000 Required Prepare a 10-column worksheet 2. Prepare the closing entries 3. Prepare the post-closing trial balance