Please make a T-Account and General Journal of the Transaction given below. Use the image below and the details below this text.Flash Trucking Services Chart of Accounts100 Cash 210 Accounts Payable110 Accounts Receivable 220 Utilities Payable120 Notes Receivable 230 Loan Payable130 Prepaid Insurance 140 Office Supplies 310 Cruz, Capital150 Office Equipment 320 Cruz, Drawing155 Accumulated Depreciation – Office Equipment 160 Furnitures and Fixtures 410 Delivery Income165 Accumulated Depreciation – Furnitures and Fixtures 170 Delivery Equipment 510 Salaries Expenses175 Accumulated Depreciation – Delivery Equipment 520 Utilities Expenses 530 Taxes and Licenses Expenses Addimonalintormetion1 The company uses the following Chart of Accounts found on the next worksheet.2. Fort-accounts, enter numerical values with the month first before the datre. (E.g, input - 12/14, ourput = 14-Dec)3 The company uses the asset method in recording prepayments and the liability method recording deferrals.4. Office supplies has a P575balance at the end of the year. DateTransactionNov.5.Mr. Mario Cruz investedB1,500.000 and three trucks with fair market value of P1,800,000 in the business.Paid insurance for the three trucks up to the end of the year, P45.000,10 Paid taxes and licenses, B5,500.11 Hired an ofttice secretary and a driver with B8,000 andB10,000 each monthly salary to start work tomorrow.12Called Acer Beok Store to order office supplies worthB2,000.14Office supplies delivered by Acer Book Store was paid in cash.18 Purchased office furniture and fixtures on account, 12,000.20 Bought office equipment for cash. 921,000.25 Delivered cargo to La Union for Mr. Val Montero. 50% of the totalservice of P35.000was received for trucking services rendered.Dec.Trucking services rendered to B2B Trading on account, B33,000.3 Partial payment for furniture and fixtures, 96,000,Received a note from B2B Trading for one-third of the account.10Delivered cargo to lsabela for Mr. William Jose on credit, B55,000.12 Paid secretary's and driver's salary, B18,000.15 Paids3,500 for utilities.18Proceeds of loan from Allied Bank #500,000,20M. Cruz withdrew 950,000 for holiday perzonal use24Paid secretary's and driver's salary, P18.000.24Received utilities bill for payment on January 3,85.000.

Name: Please make a T-Account and General Journal of the Transaction given b
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Description: Please make a T-Account and General Journal of the Transaction given below. Use the image below and the details below this text.Flash Trucking Services Chart of Accounts100 Cash 210 Accounts Payable110 Accounts Receivable 220 Utilities Payable120 Not