Lesson I Activity: Comprehensive Case Instructions Instructions Instructions: The trial balance of Harper Service Center on March 1, 2021, lists the entity's assets, liabilities, and equity on that date. GIVEN: The trial balance of Harper Service Center on March 1, 2021, lists the entity's assets, liabilities, and equity on that date. Accounts Cash Accounts Receivable Accounts payable Harper, Capital Total Balance Debit Credit P 26,000 4,500 P 2,000 28,500 P 30,500 P30,500 4 During March, the business engaged in the following transactions: a. Borrowed P45,000 from the bank and signed a note payable in the name of the business. b. Paid cash of P40,000 to acquire land. c. Performed service for a customer and received cash of P5,000. d. Purchased supplies on account, P300. e. Performed customer service and earned revenue on account, P2,600. f. Paid P1,200 on account. g. Paid the following cash expenses: salaries, P3,000; rent, P1,500; and interest, P400. h. Received P3,100 on account.