Prepare the following

A. Journal Entry

B. Ledger

C. Trial Balance

D. Adjusting Entry

E. Adjusted Trial Balance

F. Closing Entry

G. Post closing Trial Balance

H. Prepare Income Statement, owners equity statement, Cash Flow statements and Statement of Financial Position

ALPHA TRUCKING SERVICES The following are the transactions of ALPHA TRUCKING SERVICES. 1. Mr. Allan invested P150,000 cash in the business. 2. Purchased a truck for cash, P75,000 3. Paid rent for the office, P5.000 4. Purchased another truck from Bacil on account, P100.000. 5. Paid business licenses and taxes. P1,500 6. Received cash for trucking services, P75,000 7. Paid driver's & employees' salaries, P10.000 8. Sent a check to Bacil to pay for the truck previously purchased on account P100.000 9. Paid water and electricity bill, P2,500 10. Paid gasoline and oil used for the truck, P3,000 11. Purchased supplies from Chris at P20.000. 50% downpayment and the balance on account 12. Rendered trucking services to customers on account, P35,000 13. Mr. Allan withdrewcash for personal use, P8.000 14, Paid 50% account with Chris. 15. Collected from customers for trucking services previously rendered on account, P25.000 16.70% of supplies purchased has been used