Barbie's beauty Salon's unadjusted trial balance for the current year follows: Barbie Beauty Salon TRIAL BALANCE December 31 Debit Credit Cash P 4,200 Prepaid Insurance 1,480 Shop supplies 990 Shop equipment 3,860 Accumulated depreciation - shop equipment P 770 Building 57,500 Accumulated depreciation - building 3,840 Land 55,000 Unearned rent 1,600 Long-term note payable 50,000 Barbie, Capital 49,860 Rent Income 2,400 Service Income 23,400 Wages expense 3,200 Utiltiies expense 690 Property tax expense 600 Interest Expense 4,350 Totals P 131,870 P131,870 Additional Information: 1. An insurance policy examination showed P1,240 of expired insurance. 2. An inventory count showed P210 of unused shop supplies still available. 3. Depreciation expense on shop equipment, P350 4. Depreciation expense on the building, P2,220 5. A beautician is behind on space rental payments, and this P200 of accrued revenues was unrecorded at the time the trial balance was prepared 6. P800 of the Unearned Rent account balance was earned by year-end 7. The one employee, a receptionist, works a five-day workweek at P50 per day. The employee was paid last week but has worked four days this week for which she has not been paid. 8. Three months' property taxes, totaling P450, have accrued. This additional amount of property taxes expense has not been recorded. 9. One month's interest on the note payable, P600, has accrued but is unrecorded. Required: 1. Prepare adjusting entries 2. Prepare the adjusted trial balance