Extracted text: FUNDAMENTALS OF ABM-2 Written Work Sheet 4 Quarter 2, SY 2021-2022 Problem illustration: Assume that the following are the transactions of Cardo Tailoring Shop for the Month of January 2021: January 1 Mr. Cardo made the following investment: P B0,000 20,000 Cash Sewing Machine Purchased furniture for cash, P10,000. Purchased supplies for cash, P3,000. Paid the January 2021 rent,P2,000. Acquired additional equipment (two sewing machine at P15,000 each).Terms: P10,000 Down, the balance of six monthly installment. paid the semi-monthly payroll,P2,000 which include ( SSS premium Payable of P 66, Medicare P12.00, Withholding taxes payable P14,00,respectively.) Received cash for services rendered,p15,000. Sent a bill to customer amounting to P5,000. Received a note from a customer for services rendered,P5,000. Purchased supplies for cash,P500. Paid salaries for two weeks, P2,000 (pls refer to Problem January 15 for inclusions.) Mr. Cardo withdrew cash for personal use,P500. 3 5. 8. 15 15 20 22 27 31 31 Required: Prepare the following: 1. Journal Entries (You may use a 2-column columnar pad or you may use excel) 2. Post it to the General Ledger (you may.create your own ledger following the standard) 3. Trial Balance en un 7 0o