Joennel Lima established the D' Lima Encoders on May 1, 2018. The following transactions occurred during the month: Lima invested P157,000 cash to established the May 1 business. May 2 Bought furniture and fixture for cash, P15,150. May 3 Lima invested in the business his personal computer with fair value of P57,500. May 5 Bought computer software for use in the business from San Jose Computer Center for P39,000, paying P15,000 down; the balance is on account. May 6 Paid rent for the month, P5,300. May 8 Received cash for services rendered to a customer, P5,160. May 9 Purchased a panaflex sign for P9,000 from Royal Bright Enterprises, with P5,000 as down payment and balance is on credit. May 12 Received bill for advertising from Buy and Sell Newspaper, P3,230 Bought print paper and stationery on account, May 14 P2,290. May 15 Received and paid electric bill, P1,240. Paid bill for advertising recorded previously on May 16 May 12. May 18 Received cash from a customer for services rendered, P10,900. Performed a service to a customer on account, May 20 P20,000. May 22 Paid salaries of employees, P8,400. May 25 Lima withdrew cash for personal use, P4,500. Required: 1. Prepare journal entries of the transactions. Use the following accounts: Cash, Accounts Receivable, Supplies, Computer Equipment, Computer Software, Signage, Furniture & Fixture, Accounts Payable, J. Lima, Capital, J. Lima, Withdrawal, Service Revenue, Salaries Expense, Advertising Expense, Rent Expense, Utilities Expense P20,000. May 22 Paid salaries of employees, P8,400. May 25 Lima withdrew cash for personal use, P4,500. Required: 1. Prepare journal entries of the transactions. Use the following accounts: Cash, Accounts Receivable, Supplies, Computer Equipment, Computer Software, Signage, Furniture & Fixture, Accounts Payable, J. Lima, Capital, J. Lima, Withdrawal, Service Revenue, Salaries Expense, Advertising Expense, Rent Expense, Utilities Expense 2. Post the journal entries using T-account. 3. Prepare a trial balance