On February 1, 2018, PAGODA CORP started a business with a cash investment P100,000. He completed the following transactions during the month:

February 3: Purchased merchandise on credit from Balato Supply P25,000

February 5: Purchased sales equipment on account from Barbaro & Co. P20,000

February 15: Sold merchandise for cash P10,000 and on credit P 15,000

February 20: Paid Balato Supply P 15,000

February 25: Collection from customer P 10,000

February 28: Paid office staff salaries P 3,000

Required:

a. Record the above transaction in the General Journal.

b. Post the entries from the general journal into the ledger using t-account.

c. Balance the accounts and prepare trial balance in proper form on February 28, 2018 with complete title and column headings.