August 1, 2019, Ana Sofia opened her sofia Mini Grocery Store by investing P 48,000. August 2- Purchased Personal computer for her point of sale, P 15, 000 cash. August 2-Bought P 1, 500 office supplies on cash basis August 3- Bought merchandise on account P 18, 000 from Anihan Grocers, terms 2/10, n/30. August 4- Sold merchandise on account to Mr. Jose- P 14, 700. Terms 2/10, n/30. The cost of merchandise sold is P 10, 500. August 6- Paid the freight charges of the August 4 transaction P 400 August 8- Received a credit memo from Anihan Grocers for merchandise returned P 500. August 12-Paid in full Anihan Grocers. August 13-Bought merchandise on cash, P 5,000. August 13 Collected from Mr. Jose. August 15 - Bought additional merchandise, P10,000. August 15-Paid salaries P2,500. August 17- Made a loan from Metrobank P 15,000 by signing a promissory note. August 18- Received a P 600 cash refund from supplier for supplier for the August 15 transaction. August 19-Bought merchandise for W.L Foods P19,000, Terms:2/10, n/30, FOB Shipping Point. August 20-Paid the freight charges of the above purchase P 900. August 22- Sold merchandise P22,680. The cost of merchandise sold is P16,200. August 25- Partially paid W.L Foods, P11,000 August 26- Bought Merchandise, P9,000. August 27- Ana Sofia got cash from the business P3,000 for personal use. August 28- Made cash refund to cash customers for the defective merchandise sold, P 1,000. August 31-Paid the salaries,P 2,500; Utilities, P1,000; Advertisement, P1,200; and monthly rentals, P4,000. August 31- Sold merchandise P14,000 on account. The cost of merchandise is P10,000. August 31- Inventory at the end of the month is P23,750. Required: 1. Journalize the respective transactions. 2. Post the journal entries to the ledger. 3. Prepare the following: a. Trial Balance b. Statement of Financial Position c. Statement of Comprehensive Income. Note: Use either Periodic or Perpetual style of accounting records Chart of Accounts Accounts Receivable Allowance for bad debts 110 Cash 120 121 130 131 140 Supplies 150 151 Merchandise Inventory Prepaid Expenses Equipment Accumulated Depreciation Of office equipment 210 Accounts Payable 220 Notes Payable 230 Salaries Payable 240 Utilities Payable 310 Capital 320 Withdrawal 330 Income Summary 410 Sales WPS Office 420 Sales Returns and Allowances 430 Sales Discounts 510 Purchases 520 Purchases Returns and Allowances 530 Purchases Discounts 600 Freight In 610 Freight Out 620 Salaries Expense 630 Rent Expense 640 Utilities Expense 650 Advertisement Expense 660 Interest Expense 670 Depreciation Expense 680 Cost of Good Sold