Kindly use the "additional data" that is seen below the trial balance for making ADJUSTING ENTRIES.

After making the adjusting entries, please prepare for ADJUSTED TRIAL BALANCE.

NO NEED FOR 12 COLUMN WORKSHEET

Presented is the trial balance of the Angelo Dept. Store. ANGELO DEPARTMENT STORE Trial Balance December 31, 200A Account Debit Credit Cash P 13,000 Account receivable 20,000 Allowance for bad debts P 500 Merchandise inventory 25,000 Note receivable 8,000 Supplies on hand 4,500 Store equipment 12,000 Accumulated depreciation - store equipment 1,500 Building 100,000 Accumulated depreciation - building 7,500 Accounts payable 15,000 Notes payable 10,000 Unearned rent 5,000 Angelo, capital 100,000 Angelo, drawing 2,000 Sales 169,000 Purchases 90,000 Advertising expense 7,000 Salaries expense 25,000 Insurance expense 2,000 TOTAL P 308,500 P 308,500 3. Additional Data: 1. Merchandise inventory as of December 31, 200A - P 10,000. 2. It is recommended that the allowance for bad debts should be increased by 3% of sales. 3. The note receivable is a 60-day, 12% note dated December 20, 200A. Actual count of supplies showed that P 1,500 worth is still on hand. 5. Store equipment is depreciated at 10% annually. 6. The estimated useful life of the building is 20 years. 7 . The note payable is a 120-day, 21% note dated October 1, 200A. 8. It was determined that the rent income is P 4,000. 9. Salaries of P 4,500 from December 16 to 31 are still unpaid. 10. A firm purchased a two-year fire insurance policy on June 15, 200A. Required: 1. Adjusting journal entries 2. 12-column worksheet 13 | Pa