A.Post to a ledger using the T-acvount format.B.Journalize the above transaction. What's MoreActivity 1.1 Friendly TruckingOn April 1, 2019, Nels Ferrer organized a business called Friendly Trucking. During April, thecompany entered into the following transactions:Apr 1 Nels Ferrer deposited Php500,000 cash in a bank account in the name of the business.Apr 1 Purchased for Php250,000 a transportation equipment to be use in the business. Nelspaid 50% as down payment while the balance will be paid on May 15, 2019Apr 1Paid rental for the month of April, Php 5,000Apr 5Earned and collected trucking income from Ryan, Php8,000Apr 8 Earned trucking income from Jesper, Php 30,000 on account. Jesper will pay on May 8,2019Apr 10Paid salaries of drivers, Php10,000Apr 15 Rented the vehicle to Joshua for Php35,000, Joshua paid Php20,000 on that date andthe balance on April 20Apr 18Paid electric bills for the month, Php2,000Apr 20Collected from Joshua the balance of his April 15 accountApr 25Purchased office supplies, Php2,300Apr 29Earned and collected trucking income from Jay, Php 18,000Instructions:

Journal entries and Ledgers are basics of accountingFriendly Trucking Journal Entries Date Particulars Debit Credit 1-Apr-19 Bank A/c Dr To Capital A/c(Business started with a bank deposit) 500,000 500,000 1-Apr-19 Transportation Equipment Dr To Bank A/c To Accounts payable A/c(Being transportation equipment purchased) 250,000 125,000125,000 1-Apr-19 Rent A/c Dr To Bank A/c(Being rent expenses paid) 5,000 5,000 5-Apr-19 Bank A/c To Trucking income A/c(Being trucking income earned) 8,000 8,000 8-Apr-19 Jesper A/c To Trucking income A/c(Being trucking income earned) 30,000 30,000 10-Apr-19 Salaries A/c To Bank A/c(Being salaries expenses paid) 10,000 10,000 15-Apr-19 Bank A/cJoshua A/c To Vehicle rental income(Being vehicle rental income earned) 20,00015,000 35,000 18-Apr-19 Electricity expenses A/c To Bank A/c(Being electricity expenses paid) 2,000 2,000 20-Apr-19 Bank A/c To Joshua A/c(Being Joshua paid the vehicle rental income) 15,000 15,000 25-Apr-19 Office supplies expenses A/c To Bank A/c(Being office supplies purchased) 2,300 2,300 29-Apr-19 Bank A/c To Trucking income A/c(Being trucking income earned) 18,000 18,000Friendly Trucking Ledgers Bank A/c Date Particulars Debit Date Particulars Credit 1-Apr-19 To Capital A/c 500,000 1-Apr-19 By Transportation equipment A/c 125,000 5-Apr-19 To Trucking income A/c 8,000 1-Apr-19 By Rent A/c 5,000 15-Apr-19 To Vehicle rental income 20,000 10-Apr-19 By Salaries A/c 10,000 20-Apr-19 To Joshua A/c 15,000 18-Apr-19 By Electricity expenses a/c 2,000 29-Apr-19 To Trucking income A/c 18,000 25-Apr-19 By Office supplies expenses a/c 2,300 30-Apr-19 By Balance c/d 416,700 561,000 561,000 Capital A/c Date Particulars Debit Date Particulars Credit 30-Apr-19 To Balance c/d 500,000 1-Apr-19 By Bank A/c 500,000 500,000 500,000 Transportation Equipment A/c Date Particulars Debit Date Particulars Credit 1-Apr-19 To Bank A/c 125,000 30-Apr-19 By Balance c/d 250,000 1-Apr-19 To Accounts payable A/c 125,000 250,000 250,000 Accounts Payble A/c Date Particulars Debit Date Particulars Credit 30-Apr-19 To Balance c/d 125,000 1-Apr-19 By Transportation equipment A/c 125,000 125,000 125,000 Rent A/c Date Particulars Debit Date Particulars Credit 1-Apr-19 To Bank A/c 5,000 30-Apr-19 By Balance c/d 5,000 5,000 5,000 Trucking Income A/c Date Particulars Debit Date Particulars Credit 30-Apr-19 To Balance c/d 56,000 5-Apr-19 By Bank A/c 8,000 8-Apr-19 By Jesper A/c 30,000 29-Apr-19 By Bank A/c 18,000 56,000 56,000 Jesper A/c Date Particulars Debit Date Particulars Credit 8-Apr-19 To Trucking income A/c 30,000 30-Apr-19 By Balance c/d 30,000 30,000 30,000 Salaries A/c Date Particulars Debit Date Particulars Credit 10-Apr-19 To Bank A/c 10,000 30-Apr-19 By Balance c/d 10,000 10,000 10,000 Joshua A/c Date Particulars Debit Date Particulars Credit 15-Apr-19 To Vehicle rental income 15,000 20-Apr-19 By Bank A/c 15,000 15,000 15,000 Vehicle Rental Income A/c Date Particulars Debit Date Particulars Credit 30-Apr-19 To Balance c/d 35,000 15-Apr-19 By Bank A/c 20,000 15-Apr-19 By Joshua A/c 15,000 35,000 35,000 Electricity expenses A/c Date Particulars Debit Date Particulars Credit 18-Apr-19 To Bank A/c 2,000 30-Apr-19 By Balance c/d 2,000 2,000 2,000 Office supplies expenses A/c Date Particulars Debit Date Particulars Credit 25-Apr-19 To Bank A/c 2,300 30-Apr-19 By Balance c/d 2,300 2,300 2,300 Friendly Trucking Trial Balance Accounts Debit Credit Bank A/c 416,700 Capital A/c 500,000 Transportation Equipment A/c 250,000 Accounts Payble A/c 125,000 Rent A/c 5,000 Trucking Income A/c 56,000 Jesper A/c 30,000 Salaries A/c 10,000 Vehicle Rental Income A/c 35,000 Electricity expenses A/c 2,000 Office supplies expenses A/c 2,300 716,000 716,000