Adjusting Entries:Question: The accountant maintains an allowance for doubtful accounts equal to 5% of the outstanding accounts receivable.3% Tax is due for the last quarter receipts amounting 500.This is the unadjusted trial balance:

Maria Jasmine as of December 31,2018: MARIA JASMINE, PARK PLACE UNADJUSTED TRIAL BALANCE December 31, 2018 Account Title Debit Credit Cash P 218 Accounts Receivable 180 Allowance for Bad Debts P 3 Prepaid Insurance Leasehold Improvements Accumulated Depreciation - Leasehold Improvements Furniture & Fixtures Accumulated Depreciation - Furn. & Fixtures. Accounts Payable 12% Notes Payable 40 SS & EC Premiums Payable Pag-ibig Premiums Payable Phil Health Premiums Payable Witholding Taxes Payable Advances from Tenants Maria Jasmine, Capital Maria Jasmine, Personal Parking Fees Income 354 Interest Income Office Supplies Expense Pag-ibig Premiums Expense oo + + Phil Health Premiums Expense SS & EC Premiums Expense + Rent Expense 180 Salaries Expense 186 Taxes & Licenses Utilities Expense P1,521 Totals P1.521 10-column working paper. working paper as a basis, prepare the adjusting entries in good form. lance of the Royal Laundry Service of Exercise 6 page 120 prepare an 8-column