kindly help me answer this... specially in adjusting and income statement and balance sheet

I. Using the account titles listed below, journalize on separate columnar sheets the following transactions of Gian Enterprises, a wholesaler, for the month of December 2020:

Sales Sales discountSales returns and allowances

PurchasesPurchase discountPurchase returns and allowances

Freight inFreight outSalary expenseTaxes and licensesAdvertising expenseStore furniture and fixtures

Delivery equipmentStore supplies expensePrepaid insurance

G. De Guzman capitalG. De Guzman drawingOffice equipment

Office furniture and fixturesAccounts receivableAccounts payable

CashNotes receivableNotes payable

Interest incomeInterest expenseRent expense

Light and waterCommunication expenseOffice suppliesexpense

Rent incomeWithholding tax payable

Dec1 - Gian De Guzman invested cash of P300,000 and office equipment valued at P200,000.

1 - Paid 6-month rent to Valiant Property effective December 1, 2020, P60,000.

1 - Paid business license, P7,000.

1 - Purchased merchandise from Excel Trading, P150,000. Terms: 20% down; balance 2/15, n/30

1 - Paid freight for goods purchased from Excel Trading, P3,000.

1 - Purchased office tables and chairs from Durable Trading, P32,000 and cabinets for the store, P20,000. Terms: n/10.

2 - Bought bond papers, pens and other office supplies from Great Enterprises on account amounting to P10,000.

2 - Returned goods to Excel Trading, P5,000.

2 - Purchased store supplies on cash, P15,000.

3 - Sold goods to Orgalink Corp., P10,000. Terms: n/15.

3 - Filed a complaint for minor scratches on tables purchased from Durable Trading and granted allowance for P2,000.

4 - Sold goods to Dimmer Inc. P15,000. Terms: COD

5 - Paid 5-month advertising fees effective December, P15,000.

7 - Billed Tramcor Inc. for goods sold, P20,000. Terms: 2/15, n/30.

8 - Paid Great Enterprises to apply on account, P5,000.

10 - Sold goods to Amnex Co., P50,000. Terms: 20% downpayment; balance, 15-day, 9% note.

10 - Paid freight for goods sold to Amnex Co., P2,000.

11 - Bought merchandise from Outstand Store, P120,000. Terms: 30-day 6% for the 50%; 2/15, n/30 for the balance of 50%.

12 - Issued a 15-day, 6% note in full settlement of the account with Durable Trading.

15 - Received P12,000 from Secure Corp. representing 4-month rental of space sub-leased effective this day.

16 - Paid the account with Excel Trading in full.

16 - Bought delivery equipment for cash, P500,000.

16 - Paid the annual insurance premium of delivery equipment,P12,000.

16 - Gian De Guzman invest additional cash of P600,000

17 - Paid Great Enterprises in full.

18 - Received the account of Orgalink Corp.

19 - Sold goods to Tram Corp., P50,000. Terms: n/5.

20 - Collected P10,000 from Tramcor Inc.

21 - Received a 30-day 9% note amounting to P40,000 for goods sold to Grand Corp.

23 - Issued cash to Gian for personal use, P5,000.

24 - Purchased goods from Excellent Trading, P80,000. Terms: 2/15, n/30.

25 - Amnex Co. settled its note.

26 - Settled the account with Outstand Store.

27 - Sold goods to Patience Ent., P30,000. Terms: n/15.

27 - Paid the note issued to Durable Trading.

29 - Received the account of Tramcor Inc. in full.

30 - Paid electricity bill, P3,000.

31 - Paid the telephone bill for the month, P2,000.

31 - Paid salaries: Office staff, P12,000; sales staff, P15,000. Total taxes withheld is P2,000.

31 - Per physical count, the following are the balances of inventories:

MerchandiseP60,000

Office supplies4,000

Store supplies5,000

II. Using the information on Test I, prepare the following:

1.Trial Balance

2.Adjusting entries (Note: In addition to the indicated adjustment information, the business provides for 10% of Accounts receivable as doubtful of collection and depreciates fixed assets over 5 years with no salvage value.)

3.Worksheet

4.Income Statement

5.Balance Sheet

6.Closing entries

7.Reversing entries