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Complete the worksheet ( Adjustments, Adjusted Trial Balance, Income Statement, Balance Sheet) 1 Merchandise inventory at the end of the year, P84,400 2 Office Supplies

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Complete the worksheet ( Adjustments, Adjusted Trial Balance, Income Statement, Balance Sheet)

1 Merchandise inventory at the end of the year, P84,400 2 Office Supplies used amounted to P3,450 Unused store supplies amounted to P6,000 3 25% of the Prepaid Rent is used as of the end of the year Half of the Prepaid Insurance has expired 4 Office Equipment were depreciated at 10% per year Store Equipment has a useful life of 5 years 5 Accrued Expenses Utilities P4,320; Store Salaries, P3,500; Interest P16,250 6 Allowance of Uncollectible accounts is to be 10% of Receivables Cash Accounts Receivable Allowance for Bad Debts Office Supplies Store Supplies Merchandise Inventory, beg Prepaid Insurance Prepaid Rent Office Equipment Accumulated Depreciation - Office Equipment Store Equipment Accumulated Depreciation - Store Equipment Accounts Payable Notes Payable Salaries Payable Utilities Payable Interest Payable - Capital , Drawing Purchases Freight-in Purchases Returns & Allowances Purchase Discount Sales Sales Returns and Allowances Sales Discount Store Supplies Expense TRIAL BALANCE debit credit 56,030.00 110,400.00 9,384.00 9,300.00 8,231.00 98,500.00 6,083.00 25,200.00 142,300.00 13,730.00 204,100.00 40,820.00 32,100.00 250,000.00 167,475.00 7,500.00 155,240.00 23,286.00 2,300.00 5,434.00 451,530.00 4,063.00 8,540.00 53,000.00 61,000.00 Store Salaries Expense Office Salaries Expense Rent Expense - Store Depreciation Expense - office Depreciation Expense - Store Utilities Expense - Office Bad debts Expese Insurance Expense Interest Expense 972,773.00 972,773.00

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