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

MALAMBING TRADING TRIAL BALANCE June 30, 200A Cash P 25,000 Account receivables 290,000 Allowance for bad debts P 4,500 Notes receivable 49,000 Merchandise inventory 200,000 Prepaid insurance 5,800 Prepaid rent 12,000 Office supplies 9,900 Office and store equipment 150,000 Allowance for depreciation - office & store equipment 9,500 Office and store furniture 200,000 Allowance for depreciation - office & store furniture 12,000 Delivery equipment 250,000 Allowance for depreciation - delivery equipment 15,000 Accounts payable 220,000 Notes payable 30,000 N. Malacas, capital 829,780 N. Malacas, drawing 25,000 Sales 887,000 Sales return and allowances 2,000 Purchases 490,000 Purchase returns and allowances 2,500 Purchase discounts 1,500 Rent expense 120,000 Salaries 153,000 Interest expense 2,560 General expense 29,500 Interest income 1,980 P 2,013,760 P 2,013,760 2. 11 | Page Adjustment data: 1. The allowance for bad debts is estimated to be 5% of the accounts receivable. 2. Of the prepaid insurance balance, P1,800 is applicable to the next accounting period. 3. The balance of the prepaid rent account is for a one-month period, paid on May 30 of the current year. 4. Office supplies already used is P5,900. 5. Fixed assets are depreciated at 10% per annum. 6. Accrued expenses: salaries P5,000; interest on notes payable P300; utilities P2,400. 7. Unsold goods, P350,000