PART2: ACCOUNTING CYCLE L INSTRUCTION: Using the sheets provided prepare the required Accounting Cycle for Wash & Clean Laundry. Mary Lopez completed the following transactions during the April of current year. 2 Made initial investment of P20,000 cash and two units of washing machine with a cost of P5,000 each. Billed customers for laundry services, P6,310. Received advance payment of P5,000 from Mr. Gallery for future service. 10 Bought laundry supplies to Saronte Goods amounting to P2,000 on account. 15 Paid helper's salary, P2,000. 16 Performed P1,500 of laundry service to Mr. Gallery who have an advance payment. 18 Paid the monthly rent of P1,500. 20 Made partial payment of P1,000 to Syvonte Goods. 21 Bought additional laundry consumables P1,000. 26 Paid P500 for the repair of the washing machine. 28 Mrs. Lopez withdrew P800 for personal matter. 29 Paid water P1,050 and electricity bill P1,300. 30 Received 50% collection from customer on April 5. Use the following additional accounts: 105 Supplies 1 10 Equipment 402 Laundry Fees 102 Accounts Receivable 501 Salaries Expense 503 Utilities Expense 505 Rent Expense 303 M. Lopez, Drawings 101 Cash 201 Accounts Payable 203 Unearned Income 301 M. Lopez, Capital 504 Repair Expense Required: 1. Chart of Accounts (5 pts.) 2. Journal Entry (30 pts.) 3. General ledger (20 pts.) 4. Trial Balance (5 pts.)