Adjusting Entries

The following information was used to prepare adjusting entries for Puma's as of August 31, the end of the company's fiscal year. Chart of Account Accounts Receivable Prepaid Insurance Accumulated Depreciation Salary Payable Unearned Revenue Service Revenue Insurance Expense Depreciation Expense Salary Expense Prepare any necessary reversing entries for accounting adjustments a through e assuming Puma uses reversing entries in its accounting system. The initial transaction has been recorded as P800,000 advance payment credited to the revenue account. The company has not yet earned P420,000 Debit Credit