The Bee Aye Juan Gee incurred the following transactions for the month of July 2022. July 1 Juan Gee, the owner, deposited P50,000 of his own money into the business bank account. 4 Purchased office supplies for P80 and a laptop for P2,500, both on credit from Light Axela. 5 Bought P8,000 worth of new stocks on credit to be sold in the shop. 6 Employed a part-time worker to begin work on August 1,2022, earning a salary of P577 per day. 7 Owner withdraws cash P1,500 for personal use. 8 Paid P2,000 of accounts payable to Superb Store 12 Received P2,000 cash from Bae Ai Are for services provided. 13 Office supplies used this month total P57,390. 14 Paid P300 principle off the loan and a further P35 interest. 15 Sold inventory for P1,750 cash, and P4,150 on credit. The inventory had cost the business P4,000 19 A short-term bank loan of P10,000 was taken out to help with some machineries purchases. 20 Davao Oriental Electric Cooperative (DORECO) payment P412. 21 Received cash from Bee Gees Inc P3,000 from accounts receivable 29 Invoiced Brutus Earth Co for P2,100 for services provided. 29 Paid DRoSU IGp P900 for this months rent.

Prepare the following 1. Journalize the transactions below using the following account title: CASH RENT EXPENSE ACCOUNTS RECEIVABLE ELECTRICITY EXPENSE SHORT TERM LOAN PAYABLE SALES INVENTORY SERVICE FEE REVENUE COST OF GOODS SOLD INTEREST EXPENSE ACCOUNTS PAYABLE OFFICE SUPPLIES BEE AYE JUAN GEE WITHDRAWALS OFFICE EQUIPMENT BEE AYE JUAN GEE CAPITAL DIVIDENDS ACCUMULATED DEPRECIATION UTILITIES EXPENSE 2. Prepare General Ledgers for all account title. 3. Prepare Balance Sheet 4. Prepare Income Statement 5. Prepare Closing Entries