Problem: Below are the balances of Tejero General Merchandise, a merchandising business as of November 30, 2022. Cash 101 150,000.00 Accounts Receivable 102 75,000.00 Merchandise Inventory 103 86,000.00 Notes Receivable 104 35,000.00 Prepaid Supplies 105 15,000.00 Office Equipment 106 118,000.00 Accumulated Depreciation - Office Equipment 107 ??? Accounts Payable 201 76,000.00 Loans Payable 202 45,000.00 Notes Payable 203 12,000.00 Tejero Capital 301 ??? Furthermore, Office Equipment was bought on November 1, 2021 with 5% salvage value and has a useful life of 6 years. Requirements: 1. Journalize the following Transactions: a. 12/01/22 -Sold merchandise to ABC Trading on account 2/10, n/30 FOB Destination, Freight Collect, for 150,000.00, tc is 2,000.00. b. 12/05/22 - Sold merchandise to customers on cash for 38,000.00. c. 12/07/22 - Paid electricity expenses 3,000.00. d. 12/09/22 -Collected in full the merchandise sold to ABC Trading. e. 12/12/22 - Paid utilities 5,500.00. f. 12/14/22 - Paid account to suppliers 75% of Accounts Payable Nov 30, 2022 balance g. 12/15/22 - Purchased merchandise on account from XYZ Merchandising worth 112,000.00, tc is 1,900.00, 2/10, n/30, FOB Shipping Point, Freight Prepaid. h. 12/16/22 -Purchased merchandise on cash for 15,000.00. i. 12/16/22 -Collected accounts from the Nov 30, balance the following: 75% of Accounts Receivable and 80% of Notes Receivable. j. 12/20/22 -Paid amortization of loan, 2,500.00, and 25% of Notes payable. 1. 12/22/22 -Paid in full XYZ Merchandising for the merchandised purchased. m. 12/23/22 - Returned merchandise from cash customers worth 3,000.00. n. 12/24/22 - Returned to cash suppliers merchandise worth 2, 700.00. o. 12/25/22 - Recorded Depreciation for the month of December 2022. p. 12/30/22 - Realized 75% Supplies Expenses from Prepaid Supplies. 4. Prepare the Balance Sheet as of December 31, 2022. 5. Prepare the Income Statement for the month ended December 31, 2022