PROBLEM: Jeric Punongbayan, IT Consultant, began his practice on December 1, 2021. The transactions of the firm as follows: December 1 Punongbayan invested P150,000 in his firm. 2 Paid rent for December to Harvey P10,000 3 Acquired computer equipment on account from Elfred, P20,000 5 Purchased supplies for cash amounting to P5,000. 6 Paid P10,000 to Elfred for the computer equipment acquired on December 3. 7 Performed consulting services for cash, P50,000 15 Paid assistants salaries for two weeks, 5,000 18 Performed consulting services for cash, P45,000 29 Paid assistants salaries for two weeks, 5,000 30 Billed clients for December consulting services, P75,000 31 Punongbayan withdrew P30,000 from the business for his personal use. Use the following accounts: Cash; Accounts Receivable; Supplies; Computer Equipment; Accumulated Depreciation; Accounts Payable; Salaries Payable; Punongbayan, Capital; Punongbayan, Withdrawals; Income Summary; Consulting Revenues; Salaries Expense; Supplies Expense; Rent Expense; and Depreciation Expense. 3, prepare the Trial Balance of Jeric Punongbayan Requirements: 1. Journalize the December transactions. 2. Post the journal entries to the T-Account.