pls help me to answer them all correctly plsss. some are answering this incomplete and wrong answer, I will reporrt those who gave wrong answer and incomplete answer. plssss i really need your help. pls help to answer this ASAP. plss maam/sir. 'm in a rush plsss maam sir. I NEED THIS IN 2hrs plss help me maam and sir

ACTIVITIES

note: pls help me to answer all the REQUIRED task: FINAL PERFORMANCE TASK

FINAL PERFORMANCE TASK The Chart of Accounts for Honesto Business Center appears below: Honesto Business Center Chart of Accounts Assets (100-199) Owner's Equity (300-399) 111 Cash 311 Honesto, Capital 112 Accounts Receivable 312 Honesto, Withdrawals 114 Office Supplies 313 Income Summary 115 Prepaid Rent Revenue (400-499) 121 Shopee Equipment 411 Service Income 122 Accumulated Depreciation Shopee Equipment Expenses(500-599) Liabilities (200-299) 511 Office Salaries Expense 211 Accounts Payable 512 Advertising Expense 212 Salaries Payable 513 Telephone Expense 514 Office Supplies Expense 515 Rent Expense 516 Depreciation Expense, Shopee Equipment The following transactions took place in July 2021: July 1 Honesto began the business by investing P200,000 in cash. 1 Purchased Shopee Equipment from MapagkakatiwalaanCo. for P60,000 paying 15% and promising to pay the Balance within 30 days. 1 Rented office space paying P12,000 in advance for the first three months. 3 Purchased office supplies from National Bookstore. on account, P6,000. 7 Completed sales promotion flyers for a client and immediately collected P30,000. 13 Paid Office Salaries, P 6,500 18 Advertising bill from MaasahanCo. comes in but is not paid, P2,500. 20 Honesto wrote a check on the bank account of the business to pay his home mortgage of P6,250. 22 Billed Lazada Company for a special business job, P 50,000 27 Paid Office Salaries, P 6,500 28 Paid 50% of the amount owed for Shopee Equipment purchased on May 1 from MapagkakatiwalaanCo., 29 Received and paid telephone bill P2,200 31 On this date, the accountant (a) found out that company had only P1,000 worth supplies on hand; [b) realized That the company has two months prepaid rent; (c ) determine that the Shapee Equipment should be depreciated over its 5 year useful life with estimated residual value of P12,000 and (d) determined that unpaid salary of P3,500 has not recorded. Required: 1. Analyze and journal the transactions for the July 2021 of Honesto Business Center. 2. Post the journal entries to the ledger. 3. Prepare the Trial Balance 4. Journalize the necessary adjusting entries 5. Prepare Worksheet. 6. Prepare the (a) Comprehensive Income Statement; (b) Statement of Changes in Equity and (c) Statement of Financial Position 7. Prepare the Closing Entries 8. Prepare the Post-Closing Trial BalancePROCEDURE 1. To close ali credits to income summary account. Elmm 0\" 31 Medical fees Revenues 71550\" Income Summary Account \"5-500 To close ail credit to income summary PROCEDURE E'._ cum Dec 31 Income Summary Account 338,850 Salaries Expense 72.000 Rent Expense 120,000 Time: and Licenses 11,500 Utilities Expense 79300 interest Expense 20,000 Depreciation Expmedical equipment 15.500 Depreciation Exp- Oice Furniture 9.200 Supplies Expense 8.750 Bad debt 2,?00 To close all debit to income summery PROCEDURE 3. To close Income Summary Account to Capital mm 99' 31 Income Summary Account 377,650 KQHO, Capital 371,650 To close Income Summary to Capital PROCEDURE 4. To close withdrawal account to capital m-m- Dec 31 KQHO, Capital 42,000 KHQHD, Withdrawals 42,000 To close withdrawal account to Capital POST CLOSING TRIAL BALANCE -this is the final trial balance. It is prepared to test the equality of the accounts since it is possible to commit an error in posting the adjustments and closing entries to the ledger accounts. -it verifies that all debits equal to credits -it contains only of statement of financial position item such as assets, liabilities, and equity accounts DR KHOO CLINIC POST-CLOSING TRIAL BALANCE DEC 31, 2019 DEBIT CREDIT Cash 356,500 Accounts receivable 205,000 Allowance for bad debts 10,250 Medical supplies 2,750 Medical equipment 155,000 Accum. Depr. - medical equip. 31,000 Office furniture 96,000 Accum. Depr. - office furniture 11,200 Loans payable 200,000 Accounts payable 18,000 KQHO, Capital 516,300 Accrued Rent Expense 10,000 Unearned Medical Fees Revenue 12,500 Accrued Taxes & Licenses 2,500 Accrued Utilities Expense 3,500 815.250 815.250