Teofisto Arenas recently established abusiness that will operate as Arenas Cleaning Services. Thetransactions for the month of February, 2010 are presented below:

February 1 Deposited3,000,000 cash in a bank account in the name of the newcompany.

February 3 Acquired Cleaning supplies on account, 76,400.

February 5 AcquiredCleaning equipment on account, 123,000.

February 6 Acquired anold service vehicle costing 154,000 for the business, paying 80,000and financing the balance by signing a note.

February 7 Paidrent on office space for the month, 12,000.

February 8 Received 31,800 cash for cleaning services rendered.

February 10 Paid for anewspaper advertisement, 2,500.

February 12 Paid forinsurance for the next six months, 12,000.

February 14 Paidmiscellaneous expenses, 2,200.

February 15 Billed customers35,700 for cleaning services rendered.

February 16 Paid salaries,18,400.

February 20 Received cash,20,000 for the customers billed last February 15.

February 22 Paid the amountdue for the acquisition of the old service vehicle.

February 25 Paid telephoneexpenses, 2,500.

February 28 Paid salaries,20,600.

February 28 Billed customersfor cleaning services rendered, 22,500.

February 28 Withdrew 19,000from the business for personal use.

Required:

1) Prepare the journal entries for the foregoing transactions.

2) Post the entries in a ledger usingT-account.

3) Prepare a trial balance.