Prepare the journalization and posting of the following transactions then make a trial balance of total and trial balance of balances for each. 1. 2. Kevin's Activities in August August 1 Kevin opened a laundry shop business and made the following investments: cash P150,000; laundry shop equipment P250,000 office chairs and tables P30,000 and laundry supplies P20,000 August 15 August 15 August 20 August 30 August 31 August 31 August 8 August 10 Accepted laundry services on account P7,500; 50% down and the balance at the end of the month; used P750 laundry supplies Paid the rental for the month P2,500 Paid the salary of staff P5,000 Received proceeds of bank loan P300,000 Partial collection from Aug. 10 services P3,000 Paid the salary of staff P5,000 Kevin withdrew P500 for personal use. Accepted laundry services for cash P4,500; Used P500 for laundry supplies Kevin's Activities in September September 1 September 2 September 2 September 5 September 10 September 15 September 16 September 20 September 25 September 26 September 27 September 28 September 30 Paid the rental for month P2,500 Made an additional investment of P50,000 Rendered services on account P65,000 10% down and the balance on account; used P3,500 of laundry supplies Full collection of Aug. 10 transaction Accepted laundry services for cash P15,000; used P800 of laundry supplies Paid the salary of the staff P5,000 Paid the electricity bill for August P4,500 Purchased laundry supplies on account P7,800 Partial collection of September 2 transactions P10,000 Paid a one year advance rental P30,000 Accepted laundry services on account P12,750; used P800 of laundry supplies Paid the water consumption of August P3,500 Paid the salary of staff P5,000