Thankyou in advance for answering all transactions :)) Accounting Cycle-Service Business Lucy opened Lucynis Cleaning Services on October 1, 2020. During October, the following transactions were completed: October 1 Invested P80,000 cash in the business. October 1 Purchased used delivery van for P60,000, paying P30,000 cash and the balance on account. October 3 Purchased cleaning supplies for P90,000 on account. October 12 Billed customers P25,000 for cleaning services. October 18 Paid 10,000 cash owed on delivery van and P5,000 on amount owed on cleaning supplies. October 20 Paid P12,000 cash for employee salaries October 21 Collected P14,000 cash from customers billed on October 12. October 25 Billed customers P30,000 for cleaning services. October 31 Paid P2,000 for a month's expense on gas and oil for delivery van. October 31 Withdrew P6,000 cash for personal use. Requirements 1. Journalize and post the October transactions. 2. Prepare Trial Balance for October 31, 2020. 3. Enter the following adjustments on the worksheet and complete the working paper. a. The estimated useful of the truck is 10 years without salvage value. b. The unused supplies at October 31, 2020 amounted to P5,000 4. Journalize and post the adjusting entries 5. Prepare the worksheet a. Unadjusted Trial Balance (#2 requirement) b. Adjusting Entries c. Adjusted Trial Balance d. Statement of Financial Position (Balance Sheet) e. Statement of Comprehensive Income (Income Statement) 6. Journalize and post closing entries. 7. Prepare a Post Closing Trial Balance. (Trial Balance wherein the closing entries are reflected) For uniformity, used the accounts titles below for your recording: Cash Delivery Van Supplies Accounts Payable Service Revenue Accounts Receivable Salaries Expense Gas and Oil Expense Lucy, Capital Supplies Expense Lucy, Withdrawal Depreciation Expense Accumulated Depreciation Accounting Cycle-Merchandising Business Requirement: Journalize the transactions Hanmer Store completed the following merchandising transactions in the month of September: September 1 Purchased merchandise on account from Homhan amounting to P50,000, terms 2/10, n/30. September 2 Sold merchandise on account P8,000, terms 2/10, n/30. September 8 Received collections in full, less discounts, from customer billed on September 2. September 10 Paid Homhan in full less discount. September 11 Purchase Merchandise for cash, P30,000. September 17 Purchased merchandise for Hark, P19,000 FON Shipping point, terms 2/10, n/30. September 18 Paid freight for September 17 purchases, P500. September 27 Paid Hark in full, less discount. September 28 Paid P5,000 as salaries to his storekeeper.