Image transcription text Mr. Manalo opened a mini grocery store with business name Manalo Trading.

Image transcription text
Mr. Manalo opened a mini grocery store with business name Manalo Trading.
Operations began on April 1, 2021, and the following transactions were
completed during the month: 1 Mr. Manalo withdrew P100,000 fro…
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Based on the given transactions, prepare the following: 1. Journal Entries 2.
Trial Balance 3. Statement of Cost of Goods Sold 4. Income Statement 5.
Statement of Changes in Equity 6: Statement of Financial Positio…
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Journalize the transactions using the following accounts: Cash (110); Accounts
Receivable (120); Supplies (130); Prepaid Advertising (140); Merchandise
Inventory (150); Office Equipment (160); Accounts Payable (210): …
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