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Can you help me with this? ACCOUNTING 1 QUIZ 2 - ADJUSTING JOURNAL ENTRIES AND ADJUSTED TRIAL BALANCE The following account balances as of December

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ACCOUNTING 1 QUIZ 2 - ADJUSTING JOURNAL ENTRIES AND ADJUSTED TRIAL BALANCE The following account balances as of December 31, 2020 were provided to you by Zeta Gaming Shop owned and operated by Ms. Sia: Account Title Amounts Cash.... .P 350,500 Accounts receivable..... 15,500 Shop supplies..... 220,000 100,000 Accumulated depreciation-Salon equipment...... 15,000 Salon furniture and fixtures...............statement 200,000 Accumulated depreciation-Salon furniture and fixtures 20,000 Accounts payable..... 50,000 Notes payable............. 100,000 Unearned service income....... 50,000 Tina Maan Sia, Capital......... 376,500 Tina Maan Sia, Drawings. 50,000 Service Income.......... 750,000 Salaries and wages.......+ 320,000 Taxes and licences... 25,000 Utilities expense.... 120,500 Advertising expense.... 10,000 Other Income..... .. 50,000 The following data for adjustments are available: 1. It is estimated that 10% of the outstanding receivables may prove uncollectible. 2. Only 20% of the supplies remained unused at year-end. 3. Salon equipment has an estimated life of 10 years with a P 20,000 scrap value. 4. Salon furniture and fixtures is estimated to be useful for 8 years with a P 10,000 scrap value. 5. The notes payable is a 15% 90-day note dated November 30, 2020. 6. 60% of the unearned service income had already been earned as of the end of the year. 7. Unpaid salaries at year-end is P 5,000. 8. Unpaid utility bills amounted to P 7,500 at year-end

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