Instructions: Prepare the following: a. A 10-column worksheet b. Income Statement; Capital Statement; and Balance Sheet

MARQUEZ EQUIPMENT RENTAL TRIAL BALANCE DECEMBER 31, 2020 DEBIT Cash Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Equipment Accumulated Depreciation - Equipment Accounts Payable E. Marquez, Capital E. Marquez, Drawing Rental Service Revenue Salaries Expense Utilities Expense Travel Expense Miscellaneous Expense CREDIT 55,600 32,500 8,000 58,500 11,760 192,000 4,000 31,150 262,03 22,600 627,100 390,000 74,800 58,720 19,800 TOTAL P 924,280 P 924,280 ACCOUNTING 99 Adjustment data at December 31 are as follows: (a) Rent expense for the year amounts to P4,875. (b) Unexpired insurance at December 31, amounts P10,780. (c) The equipment acquired on Sept. 1, is to be depreciated at P38,400 per year. (d) Salaries incurred but unpaid at December 31, amounts to P7,500. (e) Unused office supplies at December 31, P3200. (f) Accrued Rental Service at December 31, P5,800