Mr. Juan Lopez launched Lopez Fiesta Mart on December 1, 2022 with a cash investment of 220,000. The following are additional transactions for the month: 2 Mr. Lopez invested equipment for the business worth 30,000. 3 Bought supplies on account for 12,600. 4 Acquired a service vehicle costing 75,000. A payment of 33,000 cash was made and a promissory note was given for the remainder, payable for 6 equal monthly installment. 5 Purchased merchandise from JKL Enterprises 45,500, Term, 3/20, n/30. 8 Paid 1,200 delivery charge for December 5 purchase.10Sold merchandise on account 37,000, Term, 3/10, n/30. Cost of Merchandise, 25,000. 11 Paid 700 freight for December 10 transaction. 13 Returned defective merchandise to JKL Enterprises amounting to 8,500. 15 Paid salaries, 12,300 16 Signed a promissory note for 25,000 loaned amount from Commonwealth Bank. 17 Received returned merchandise from customers on December 10, 4,000. 18 Paid 7,600 of the amount owed from the December 3 transaction. 19 Purchase additional groceries from QR Supermarket amounting to 86,000. 20 Collected full settlement of customer from December 10 sale. 22 21,450 cost of merchandise was sold for 38,750.25Settled account to JKL Enterprises. 26 Cash received, 10,000 and a promissory note for 25,000 for merchandise sold to a key customer. Cost of merchandise, 28,000. 27 Mr. Lopez withdrew 20,000 cash from the business. 29 Paid telephone expense, 2,300.30Paid building rentals for the month, 5,200. 30 Paid the first installment of the note payable on Service Vehicle. 31 Paid Salaries 11,300, net of the following deductions: SSS, 380; Pag-IBIG, 100; Philhealth, 220 The Merchandise Inventory at the end of the of the month is 48,000. Additional information for year-end adjustments. The useful life of the equipment is 5 years with no salvage value. The useful life of the service vehicle is 10 years with no salvage value. Remaining unused supplies worth 9,100. Use asset method.

prepare jornal entry ledger pre-trial balance adjusting entries adjusted trial balance statement of financial performance preliminary trial balance statement of financial position statement of cash flows closing entries post closing trial balance