Journalize the ABC Work Services adjusting entries and make an Unadjusted Trial Balance

Cash

Dr

P60,000

Accounts receivable Dr P50,000

SuppliesDr P40,000

Furniture Dr P100,000

Accumulated Dep. - Furniture Cr P40,000

Building Dr P500,000

Accumulated Dep- Building Cr P300,000

Accounts Payable Cr P20,0000

Salary Payable Cr -

Unearned Revenue Cr P80,000

Mac Capital Cr P120,000

Mac Drawing Dr P100,000

Service Revenue Cr P500,000

Salary expense Dr P160,000

Supplies expense Dr -

Depreciation expense - Furniture Dr -

Depreciation expense - Building Dr-

Advertising expense Dr P50,000

Total of P1,060,000 Debit and credit

Data needed for the adjusting entries include the following:

a. Supplies on hand at year-end P2,000

b. Depreciation on furniture P20,000

c. Depreciation on building P10,000

d. Salaries owed but not yet paid P5,000

e. Accrued service revenue P13,000

f. P30,000 of the unearned service revenue has been earned.

Requirements:

1. Journalize ABC's adjusting entries on December 31, 2020. Key

entries by letter.

2. Write the trial balance, enter the adjusting entries and

adjusted trial balance.