Mr. Joaquin Buccat recently established a business that will operate as Buccat Cleansing Service. The transactions for February 2022 are presented below. Feb. 01 Deposited P62,000 cash in a bank account in the name of the new company. 03 Acquired cleaning supplies on account, P21,400. 05 Acquired cleaning equipment on account, P15,000. 06 Acquired an old service vehicle costing P47,000 for the business, paying P10,000 cash and financing the remaining P47,000 for the business by issuing a note payable. 07 Paid rent on office space for the month, P7,300. Received P31,800 cash for cleaning services rendered. 10 Paid for a newspaper advertisement, P1,700. 12 Paid for insurance for the next six months by recording prepaid insurance, P4.800. 13 Paid P9,000 on account. 14 Paid miscellaneous expenses, P 2,200. Billed customers P18,600 for cleaning services rendered. 16 Paid salaries, P8,400. 20 Received P9,800 from customers billed on Feb. 15. Paid amount due on the note payable, P2,400. 25 Paid telephone expense, P900. 28 Paid salaries, P7,900. 28 Billed customers for cleaning services rendered, P22,500. Withdrew P10,000 from the business. Required: 1. Prepare the journal entries for the February transactions. 2. Prepare a trial balance 3. Prepare an income statement, and a balance sheet.||