1. Journalize the following adjusting entries and post it in the ledger (Use asset and liability method, if applicable):

A.) Salaries in the amount of P51,000 have accrued on Feb 28.

B.) Insurance coverage with premiums of P2,000 has expired at month-end

C.) Depreciation on the building and on the equipment for the month amounted to P9,000 and P12,000, respectively

D.) Supplies on hand at month-end amounted to P14,000

E.) A count of the merchandise inventory on Feb 28, 2018 amounted to P397,000

2. Prepare the adjusted trial balance.

3. Prepare a 12-column worksheet.