On December 1 of the current year Chandler Bing opened the "C.B. Men's Wear Shop", and during the month, the following transactions were completed: Dec. 1 - Chandler Bing invested P8,000 cash in the business. 1 - He bought two sewing machines worth P3,00 cach from Buffay Merchandising Gave P1,500 down and the balance is payable within 60 days. 1 - Paid a three-month rental of the shop, P3,000. This was charged to Prepaid Rent account. 1 - Paid a one-year insurance policy, P570. (Use expense method) 3 - Bought sewing tools P590 and sewing supplies P270 from Geller Trading on credit 5- Received P120 from a customer for a terno delivered 7 - Billed Janice H., P500 for a two-pair of pants and polo barong delivered. 10 - Purchased clothing materials from Alessandro Market and paid P1,500 cash. 13 - Received P1,250 from various customers for pants and barong made and delivered 14 - Gave Buffay Merchandising P1,500 and issued a 60-day, 6% note for the balance. 15 - Paid the wages of the shop helper, P250. 17 - Chandler Bing withdrew P500 from the business for personal use. 18 - Janice H., gave P200 as partial payment of her account. 20 - Received P1,475 from various customers for pants and shirts received. 22 - Paid the wages of the shop helper, P250. 23 - Billed Gunther P400 for barong and pants delivered to him. 27 - Paid the following monthly expenses: utility bills, P150; telephone bill, P250. At the end of the month, the following data were gathered: a. The sewing machines are estimated to have a 5-year useful life. b. The actual count of sewing supplies revealed a balance of P170. c. The business is conservative to estimate a 5% of the receivables to be uncollectible. d Balance of the clothing materials account is P700. Requirements: 1. Journal Entries 2. Posting (Using T-accounts) 3. Unadjusted Trial Balance 4. Adjusting Journal Entries 5. Adiusted Trial Balance