Can u pls help me solve and understand this problem, tutor? Thank you so much!Required:1. Make a journal entries.2. General Ledger (these account titles was given already) ?CASH (#111)?ACOUNT RECIEVABLE (112) ?SUPPLIES (114) ?EQUIPMENT (120) ?ACCOUNT PYABLE (211) ?NOTES PYABLE (212) ?UNI PRECIOUS CAPITAL (311) ?UNI PRECIOUS PERSONAL (312) ?SALES (411 ) ?SALES RETURN AND ALLOWANCES (412)?SALES DISCOUNT (413) ?PURCHASE (511) ?FREIGHT IN (512) ?PURCHASE RETURN AND ALLOWANCES (513)?PURCHASE DISCOUNT (514) ?SALARIES EXPENSE (611) ?TAXES AND LICENSES (612) ?RENT EXPENSE (613) ?UTILITY EXPENSE (614) ?FREIGHT OUT (615) 3. Preliminary Trial Balance total amount was P300,160 (amount was given already)4. The following amounts (given already):* COGS P38,150 (statement of cogs)* Net Income 4,550 (statement of performamce)*Un Precious, Capital End 202,050 (statement of equity)*Statement of Finacial position is 242,050 (assets=liab+equity)* NET CASH FLOWS FOR OPERATING ACTIVITIES -43,790 * NET CASH FLOWS FOR INVESTING ACTIVITIES -25,000 * NET CASH FLOWS FOR FINANCING ACTIVITIES 207,500 * CASH ENDING BALANCE 138,710*Post Closing Trial Bal 242,050Thank u!!!

Uni Precious General Merchandising began a trading business in Dasmarinas Cavite on January 1, 2021 with cash investment of 200,000 CHART OF ACCOUNTS 111 cash 511 Purchase 112 account receivable 512 Freight In 113 Merchandise inventory 513 Purchase Return and Allowances 114 Supplies 514 Purchase Discount 120 Equipment 611 Salaries Expense 211 account payable 612 Taxes and Licenses 212 notes payble 613 Rent Expense 311 Uni Precious Capital 614 Utility expense 312 Uni Precious Personal 615 Freight out 411 Sales 620 Income Summary 412 Sales Return and Allowances 413 Sales Discount UNI PRECIOUS GENERAL MERCHANDISING DATE TRANSACTIONS JANUARY 2 Paid the following : Taxes and Lincenses of 1,000 and rent for the month 5,000. Purchased merchandise for cash 20,000 Purchased supplies for cash 7,000. 6 Sold merchadise for cash of 10,000. Paid freight of 200 FOB destination. 7 Purchase merchandise from Jake Rayleigh Store for cash 25,000. Returned merchandise on April 03, 2,000. 10 Sold merchandise on account to Rjay Trading 5,000 terms 2/15, n/30. 13 Purchased merchandise from Azalea Times Trading terms 2/10, n/30 8,000. Paid freight of 150 terms FOB shipping point. 14 Purchased one set of computer with printer, 25,000 for cash. 15 Sold merchandise to Neallyn Minimart on account 25,000 terms 1/10, n/30. 18 Received returned from Neallyn Minimart 3,500. 21 Sold merchandise to Trish Sari-Sari Store on account, terms 2/10, n/30 7,000. 22 Paid Azalea Times Trading in full. 25 Collected in full the account of RJAY TRADING . Signed promisory note for the approval loan of 10,000 payable in 36 months. 26 Purchased merchandise on account from Manuel Distributors, 30,000 terms 2/10, n/30. 27 Sold merchandise for cash 11,000 30 Paid employees salaries of 5,000 utilities expense of 500. Got cash form the business 2,500 for personal use. Merchandise Inventory end. 42, 840