Extracted text: Mr. Mike Benter opened the Benter Servicing on June 1, 2019 with the following investments: Cash 300, 000 Php 200, 000 Php Machinery On the same day Mr. Benter paid the following pre-operating expenses: Business permits and other taxes Rental for the next 3 months P 10, 000 15, 000 The following transactions occurred during June, 2019: Deposited P 250, 000 at Metro Bank. Rendered repair service to a customer and was paid by a note, P 3, 000. Bought shop supplies, P 2, 000, and office supplies, P 3, 000 on account. Received advances from customer, P 1, 000 for repair of equipment. Purchase office equipment costing P 15, 000 on account. 10 Received notes from customer for services rendered, P 15, 000 with 10% interest payable 30 days after date of note. 12 Collected the account on June 3 transaction. Paid Bombo Radio Philippines for the cost of advertising, P10, 000 thru the issuance of check. June 2 3 7 8 Deposited the amount collected on June 7 and June 12 trasactions. 15 Paid the following expenses thru the issuance of check: P 2, 000 3, 000 5, 000 Electricity Bill Water Bill WIFI and Telephone connection 17 Rendered repair services to the customer who made advance deposit on June 7, 2019. 20 Rendered various maintenance and repair services: Cash basis Credit basis Paid the salaries and wages of shop workers for the month, P 15, 000, P 12, 000 20, 000 from the available cash on hand. Required: 1. Prepare the journal entries. 2. Adjust all accounts that needs to be adjusted.