The following were the transactions of IzzyToledo for the month of November 2018. Nov. 2 - Started a sewing business with an initial investment of P150,000. 3 - Purchased three sewing machines at a total cost of P150,000 under the following terms: Downpayment, 30% Balance payable in 3 equal monthly installments. 4 - Bought sewing supplies on cash, P5,000 5 - Rendered services to various customers: On cash basis, P25,000 On account, P40,000 8 - Paid the space rent for the month, P8,000. 9 - Paid the following expenses: Business Permit, P2,500 Salaries of the workers, P6,000 Repairs and Maintenance, P1,5000 10 - Received notes as payment of the account on November 5 transaction 15 - Billed various customers for services rendered, P12,000 18 - Withdrew P3,000 for personal use 20 - Opened a checking account with Summit Bank and deposited, P100,000 22 - Collected 50% of the notes received on November 10 25 - Paid the salaries of the workers for the remaining half-month, P6,000 28 - Received a bill from Daily News for the advertisement, P5,000 30 - Collected in full the November 15 transaction. Required: Accounting Cycle: Jounalizing Ledger trial balance