Prelim Exam The Chart of Accounts for Frecy Catadman Delivery Service is as follows: Assets Income 110 Cash 410 Delivery Revenues 120 Accounts Receivable 130 Prepaid Insurance Expenses 140 Service Vehicle 510 Salaries Expense 150 Office Equipment 520 Gas and Oil Expense 530 Repair Expense Liabilities 540 Advertising Expense 210 Accounts Payable 550 Supplies Expense 220 Note Payable 590 Miscellaneous Expense Owner's Equity 310 Catadman, Capital 320 Catadman, Withdrawals balance The entity completed the following transactions in May 2021: May 3 Transferred P92,500 cash from a personal savings account to a checking account, Catadman Delivery Service Placed four week-end advertisements in the Sunstar Superbalita for P18.500 the 4 amount is due in 30 days. 5 Billed customers for services rendered, P100,000 6 Bought office supplies on account from Visayan Educational Supplies, P8,800. 7 Acquired service vehicle costing P80,000. Paid P30,000 cash and signed a note for the 15 Freey Catadman invested in the business own office equipment with a fair market value of PS2.500 17 Received P61,800 from charged customers to apply on their accounts. 16 Paid P4,000 for an insurance policy for a one-year coverage. 22 Received a bill from Park Trucking for repair services performed P8.500. 26 Paid Visayan Educational Supplies in full payment of account. 29 Paid salaries to employees, 121,000. 30 Received P39,000 for services performed. 31 Received and paid gasoline and oil bill relating to the service vehicle. P12.300. 31 Billed South China Bank for services performed. P45,000. 31 Catadman withdrew cash for personal use. P14,500. Required: 1. Prepare the Transactional Analysis 2. Journalize the above transactions 3. Post the transaction in the ledger or use T-account. 4. Prepare trial balance