Please record the following transactions on T Accounts, create a profit and loss statement (using cost by nature), and then prepare the closing balance sheet for end of December. Additionally, please teach me how to record bad debt provisions in subquestion 3. Thank you so much!

The balance sheet of the company Philmex as at 01.12.2019 is as follows: Required: Open accounts, record all transactions in appropriate T-accounts and prepare balance sheet at the end of December (costs classified as costs by nature). In December 2019 the following events occurred: 1. Company Philmex made a prepayment via bank money transfer of 9600 to deliver services next month. 2. Company Philmex recorded 18000 of salaries and wages for December and few days later paid them to all employees. 3. Company Philmex recorded a 600 bad debt provision related to outstanding trade payables. 4. Company Philmex made an agreement with a construction company to build an office building. Value of contract 20 ooo. No payment has been made as of December