The following is the trial balance of Natividad & Co. on March 31, 2020.

The following transactions were performed during the first fortnight of April.

April 5: Paid outstanding salaries

April 6: Collected of account receivable

April 7: Sold merchandise for cash P20,000 and on account P30,000

April 10: Paid 1/3 of accounts payable

April 14: Made additional investment depositing cash into the bank P25,000

Required: Prepare the ledgers with opening balances on April 1 and post the above transactions directly therein. Balance the accounts and also prepare a trial balance.

Cash P20,000 Account Receivable P50,000 Merchandise inventory P60,000 Equipment P40,000 Total P170,000 Account Payable: P 30,000 Salaries Payable: P 15,000 Bank Loan P 25,000 Capital P 100,000 Total P 170, 000