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a. Office on hand as at Dec. 31, 2018 is P 21,000. b. One-third of the unearned revenues has been earned as at Dec. 31,

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a. Office on hand as at Dec. 31, 2018 is P 21,000. b. One-third of the unearned revenues has been earned as at Dec. 31, 2018. 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, 2018 and will be settled together with a 20% interest on May 31,2019. 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. a. Office on hand as at Dec. 31, 2018 is P 21,000. b. One-third of the unearned revenues has been earned as at Dec. 31, 2018. 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, 2018 and will be settled together with a 20% interest on May 31,2019. 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

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