(MODIFIED)The adjusted trial balance of Express Handling and Delivery at December 31, 2019 follows:

EXPRESS HANDLING AND DELIVERY
Adjusted Trial Balance
December 31, 2019
Cash	531,400
Accounts receivable	650,800
Supplies	55,000
Prepaid insurance	56,000
Land	1,200,000
Building	2,116,000
Accumulated depreciation building		339,000
Equipment	700,000
Accumulated depreciation equipment		327,400
Accounts payable		770,000
Wages payable		25,400
Interest payable		20,000
Unearned service revenue		44,000
Long-term debt		2,000,000
M. Express, Capital		1,177,200
M. Express, Withdrawal	904,000
Service revenue		2,587,800
Wages expense	480,400
Utilities expense	180,200
Depreciation expense building	148,000
Depreciation expense - equipment	77,400
Supplies expense	69,600
Insurance expense	64,000
Interest expense	58,000
	7,290,800	7,290,800

Adjusting data at December 31, 2019 which have all been effected in the foregoing are as follows:

1. Accrued service revenue, Php 23,800.
2. Supplies used during the year, Php 69,600.
3. Prepaid insurance expired during the year, Php 64,000.
4. Depreciation for the year: building, Php 148,000; equipment, Php 77,400.
5. Accrued wages expense, Php 25,400.
6. Accrued interest expense, Php 20,000.
7. Unearned service revenue earned during the year, Php 154,000.

REQUIRED:

1. Reconstruct the unadjusted trial balance in a 14-column worksheet.
2. Journalize the adjusting entries.
3. Extend the adjusted trial balance in the worksheet for the income statement and balance sheet.
4. Journalize the closing entries.
5. Extend the worksheet for the closing entries and the post-closing trial balance.
6. Prepare the income statement, statement of changes in equity and balance sheet.