THE REQUIRED IS JOURNAL ENTRIES, GENERAL LEDGER AND TRIAL BALANCE OF THE FOLLOWING TRANSACTIONS.

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1 No. 1 N N 3 3 Particulars On December 1, 2020, Ms. Consuelo Oate started Oate Electronic Repair Services by investing P150,000. On December 5, Oate Electronic Repair Services paid registration and licensing fees for the business, 3,700. On December 6, the company acquired tables, chairs, shelves, and other fixtures for a total of P30,000. The entire amount was paid in cash. On December 7, the company acquired service equipment for P150,000. The company paid a 50% down payment and the balance will be paid after 60 days. 3 3 4 4 5 5 6 6 7 6 7 Also on December 7, Oate Electronic Repair Services purchased service supplies on account amounting to P15,000. On December 9, the company received P19,000 for services rendered. On December 12, the company rendered services on account, P42,500. As per agreement with the customer, the amount is to be collected after 10 days. 8 8 On December 14, Ms. Oate invested an additional P32,000 into the business. 9 10 9 Rendered services to a big corporation on December 15. As per agreement, the P34, 000 amount due will be collected after 30 days. 10 On December 22, the company collected from the customer in transaction #7. 11 11 On December 23, the company paid some of its liability in transaction #5 by issuing 12 a check. The company paid P5,000 of the P15,000 payable. 12 On December 25, the owner withdrew cash due to an emergency need. Ms. Oate 13 withdrew P70,000 from the company. 14 13 On December 29, the company paid rent for December, 15,000. 14 On December 30, the company acquired a P120,000 short-term bank loan; the entire 15 amount plus a 10% interest is payable after 1 year. 16 15 On December 31, the company paid salaries to its employees, P35,000. 17 18 Adjustments 16 As per physical inventory, P5,000 worth of service supplies remained in the stock 19 room. 17 Depreciation for the month: Furniture and Fixtures, P500; Service Equipment, P1,250 20 21