Journalizing, Posting and Preparing a Trial Balance Kareen Leon won a concession to rent out bicycles in the Burnham Park during the summer. During the month of April 2021, Leon completed the following transactions for her bicycle rental business: April 2 3 234 4 5 160 8 Began business by placing Php120,000 in a business checking account. Purchase supplies on account, Php1,500. Purchased bicycles for Php25,000, paying Php12,000 down and agreed to pay the balance in thirty days. Paid Php29,000 in cash for a furnished container to store the bicycles and use for other operations. Received Php4,700 in cash for rentals during the first week of operation. Paid Php4,000 in cash for shipping and installation costs (considered an addition to the cost of the container) to place the container at the park entrance. Paid maintenance person Php750, to clean the grounds. Received Php5,000 in cash for rentals during the second week of operation. 9 Hired a part-time assistant to help on weekends. 10 13 16 17 Paid for the supplies purchased on April 3. 18 20 Paid the assistant Php480 for a weekend's work. Paid a Php550 repair bills on bicycles. Received Php5,500 in cash for rentals during the third week of operation. 22 Paid the assistant Php480 for a weekend's work. 23 222 25 27 228 29 30 Billed a company Php1,100 for bicycle rentals for employees' outing. Paid the Php3,000 fee for April to the Park Administration for the right to the bicycle c concession. Received Php4,100 in cash for rentals during the week. Paid the assistant Php480 for a weekend's work. Transferred Php5,000 to personal checking account. Required: 1. Prepare the journal entries for the April transactions. Consider the template provided as your guide. 2. Set up the following ledger accounts and post all the journal entries: Cash; Accounts Receivable; Supplies; Container; Bicycles; Accounts Payable; Leon, Capital; Leon, Withdrawals; Rental Revenues; Wages Expense; Maintenance Expense; Repair Expense; and Concession Fee Expense. Use the ledger template provided create individual template for each account. 3. Prepare a trial balance. Consider the template provided as your guide. 4. Write your answer on a yellow pad and took a photo of it. Convert and compile your answer on a .pdf format. 5. Submit your answers on a .pdf format on or before May 7, 2022, 11:00 pm.