Journalizing, Posting and Preparing a Trial Balance Nanette Virtudazo is a painting contractor. During the month of April, 2021 she completed the following transactions: April 2 3 450 7 10 11 Invested in the business painting equipment valued at Php12,300 and placed Php71,000 in a business checking account. Acquired a service vehicle costing Php80,000. Paid Php50,000 cash and signed a note for the balance. Purchased painting supplies on account for Php3,200. Completed a painting job and billed the customer Php4,800. Received Php1,500 cash for painting an apartment room. Purchased painting supplies for Php1,600 cash. Received a Php4,800 check from the customer billed on April 5.. Paid Php4,000 for an insurance policy for a one-year coverage. Billed a customer Php6,200 for a painting job. 12 13 14 Paid the assistant Php1,500 for twenty-five hours' work. 15 18 20 22 Paid Php400 for a tune-up of the service vehicle. Paid for a painting supplies purchased on April 4. Purchased a new ladder for Php6,000 and painting supplies for Php2,900 on account. Received a telephone bill for Php600, due next month. 23 24 25 27 29 Received Php3,300 in cash from the customer billed on April 13. Transferred Php3,000 for a personal checking account. Received Php3,600 in cash for painting a two-room apartment. Paid Php2,000 on the note signed for the service vehicle. Paid the assistant Php1,800 for thirty hours' work. 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; Painting Supplies; Prepaid Insurance; Painting Equipment; Service Vehicle; Notes Payable; Accounts Payable; Virtudazo, Capital; Virtudazo, Withdrawals; Painting Revenues; Wages Expense; Utilities Expense; and Maintenance 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.