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Problem 1 Problem 2 Problem 3 A B C D E F G H I J K L M Journalyzing Transactions N 3 Melay Java Review School entered into the following transactions during August 2020: 4 5 Aug. 1 Java made additional investments of P50,000 in the business. 6 Bought liability insurance for one year, P14,500 7 Received a bill for advertising from Southmin News, P3,200. 8 Paid rent for the month, P8,900 9 Received a bill for equipment repair from E. Hipolito, P2,880. 10 10 Received and deposited tuition from students, P62,500. 11 11 Received and paid the telephone bill, P2,300. 12 15 Bought chairs from E. Awayan Furniture Company, P18,800, paying P8,800 in cash and the balance on account. 13 B Paid accounts to SouthMin News, P3,200. 14 21 Java withdrew P8,000 for personal use. 15 24 Received a bill for gas and oil from Mindanao Oil Company, P1,800. 16 25 Received and deposited tuition from students, P61,400. 17 27 Paid salaries of the office assistants, P12,000. 18 28 Bought a photocopier on account from Dadi angas Office Machines, P7,500. 19 29 received P7,000 tuition from students who had charged the tuition on account last month. 20 30 Received and paid the water utilities bill, P3,600. 21 31 Paid for flower arrangements for front office, P620. 22 31 Java invested personal computer, with a fair amrket value of P12,300, in the business. 23 24 Required: 25 Prepare the Journal Entries up to Trial balances for the August transactions. Use the following accounts: 26 27 Cash Accounts Payable Rent Expense Utilities Expense 28 Accounts Receivable Java, Capite Gas and Oil Expense Telecommunication Expense 29 Prepaid Insurance Java, Withdrawals Advertising Expense Miscellaneous Expense 30 Equipment School Fees Repair Expense 31 Furniture Salaries Expense Supplies Expense 32 33