CHAPTER 5 / JOURNALIZING AND POSTING CHAPTER 5 -TEST 3 JOURNALIZING AND POSTING course and Section Date Score Action: For the month of April 2020: (1) journalite, (2) post, and (3) prepare w balance for the following transactions of Locsin Decorators. Use the er sheet provided. The first joumal entry has been done as an example. Tina Locsin established Locsin Decorators and invested P640,000 cash. 2 Purchased P45,500 of office equipment on account 5 Bought P15,750 of office supplies for cash. 8. Purchased a small truck for P840,000 paying P280,000 in cash and issuing a note payable for balance. 10 Purchased office supplies on account, P15,750. 15 Completed a job and received P35,000. 20 Paid insurance premiums, P42,000. C C 22 Pald P45,500 due on purchase of office equipment. 26 Completed a job and billed client P70,000 30 Paid rent for the month, P21,000