II. On April 1, 2016, Mar Cruz, a lawyer, opened his own legal practice. The business adjusts and closes its accounts at the end of each month. The unadjusted trial balance is shown below. Using the following adjustments, prepare the adjusted trial balance for the business of Mar Cruz. Adjustments: No interest has yet been paid on the note payable. Accrued interest at April 30 amounts to PHP200. Salaries earned by the office staff but not yet recorded or paid amounted to PHP970 by April 30. Many clients are asked to make advance payment for legal services to be rendered in future months. These advances are credited to the Unearned Service Revenue account once received. During April, PHP5,020 of these advances were earned by the business. Office supplies on hand by April 30 amounted to PHP400. The office equipment was purchased on April 1 and is being depreciated over an estimated useful life of 10 years with no residual value. Name of the Company: Worksheet For the Unadjusted Trial Balance Adjustments Adjusted Trial Balance DR DR CR Cash P10,000 10.060 Prepaid Expenses 7,800 Supplies 1,460 Office Equipment 26.400 Accum. Depm. - Office Equipment Notes Payable Interest Payable Salaries Payable Uneared Service Revenue Cruz, Capital Cruz, Withdrawal Service Revenue Supplies Expense Salaries Expense Interest Expense Depreciation Expense TOTAL CR DR CR P 0 16,000 15.020 20,000 3,000 1,580 2.680 1,200 PS2,600 PS2,600