The following are transactions of Smart Tutorial Services for the month of July. 2020 July 1 1 1 Mr. Santos, the owner of the company invested P100,000 cash and office furniture in the amount of P20,000 3 Paid rent for the month of P15,000 for a small office space 5 Received cash payment of P20,000 from ABC School for tutorial services rendered 8 Bought air conditioning unit on installment at P20,000. First installment is due next month. 10 Purchased office supplies totaling P2,000. 13 Tutorial services rendered to Global School, P15,000 for collection at the end of the month 15 Paid salaries to part-time tutors for services rendered for 2 weeks, P12,000 20 Received electricity bill, P5,000. 23 Paid water bill P1,000 25 Sent billing to Mrs. Reyes for Math tutorial services for their 2 daughters amounting to P3,000. 27 Purchased desktop worth P25,000 in cash 31 Collected P15,000 from Global school Required: Journalize the transactions Post them in T-accounts Prepare the trial balance Prepare the income Statement for the Month Prepare the Balance Sheet