5-30 Basic Financial Accounting and Reporting by Prof. WIN Ballada NAME: SECTION: Problem #5 SCORE: PROFESSOR: Comprehensive Problem Presented below is the unadjusted trial balance of the Moises Dondoyano Information Systems for the year ended Dec. 31, 2019: Cash Notes Receivable Accounts Receivable Moises Dondoyano Information Systems Unadjusted Trial Balance Dec. 31, 2019 P 45,000 360,000 156,000 Office Supplies 63,000 Land 300,000 Building 1,590,000 Accumulated Depreciation-Building P 254,000 Equipment 2,150,000 Accumulated Depreciation-Equipment 612,000 Accounts Payable 213,000 Unearned Consulting Revenues 450,000 Dondoyano, Capital, 1/1/2019 2,655,000 Dondoyano, Withdrawals 600,000 Consulting Revenues Salaries Expense 2,108,000 875,000 Repairs Expense Miscellaneous Expense Totals Additional information: 116,000 37,000 P6,292,000 P6,292,000 a. Office supplies on hand as at Dec. 31, 2019 is P21,000. b. One-third of the unearned revenues has been earned as at Dec. 31, 2019. c. Depreciation for the year amounted to P38,000 for the building and P123,000 for the equipment. d. Salaries in the amount of P14,000 have accrued at year-end. e. The notes receivable were accepted from several customers. The notes were issued on Sept. 1, 2019 and will be settled together with a 20% interest on May 31, 2020. Required: 1. Establish a ledger account for each of the account in the unadjusted trial balance. 2. Journalize and post the adjusting entries. 3. Prepare an adjusted trial balance. 4. Prepare an income statement, a statement of changes in equity and a balance sheet.