please help I just want to check if my answers are correct this is Periodic Inventory System

NAME: SECTION: SCORE: PROFESSOR: Problem #23 Comprehensive Problem e given Listed below are the Feb 1, 2018 account balances of the Teresita Buenaflor Shoes: P 33,000 192,000 413,000 51,000 48,000 460,000 1,750,000 P 350,000 2,310,000 630,000 108,000 each 2,600,000 1,569,000 110 Cash 120 Accounts Receivable 130 Merchandise Inventory 140 Supplies 150 Prepaid Insurance 160 Land 170 Building 175 Accumulated Depreciation-Building 180 Equipment 185 Accumulated Depreciation-Equipment 210 Accounts Payable 220 Salaries Payable 230 Mortgage Payable 310 Buenaflor, Capital 320 Buenaflor, Withdrawals 330 Income Summary 410 Sales 420 Sales Returns and Allowances 430 Sales Discounts 510 Purchases 520 Purchases Returns and Allowances 530 Purchases Discounts 540 Transportation in 610 Salaries Expense 620 Supplies Expense 630 Insurance Expense 640 Depreciation Expense-Building 650 Depreciation Expense-Equipment 660 Transportation Out 670 Advertising Expense 680 Interest Expense 690 Miscellaneous Expense P5,257,000 P5,257,000 During the month of February 2018, the following transactions occurred: Feb. 1 Collected P113,000 from customers on account. 2 Paid P64,000 of accounts due less discounts of 3%. 4 Purchased merchandise, P170,000. Terms: FOB shipping point; 3/10,n/30. 5 Sold merchandise on account to Gonzales Inc., P270,000. Terms: FOB 368 | Basic Financial Accounting and Reporting by Prof. 7 7 8 9 10 12 14 15 16 18 19 20 shipping point: 2/10, n/30. Paid for advertising for the month of February, P6,000. Sold merchandise for cash, P250,000. Paid the amount due from the Feb. 4 transaction Paid Iloilo Freight P4,000 for delivering merchandise last Feb. 4. Received returns from the Gonzales Inc. , P70,000. Received payment from the Gonzales Inc. less returns and discounts. Paid P26,000 interest on the mortgage payable. Paid salaries, P51,000. Sold merchandise on account to Ronzales Corp., P392,000. Terms: FOB destination; 2/10, n/30. Paid P4,000 freight charges on the sale of Feb. 16. Acquired supplies for cash, P21,000. Purchased P125,000 of merchandise from Lozada Imports on account. Terms: FOB destination; 3/10, n/30. Paid P7,000 miscellaneous expenses Received payment from Ronzales Corp. less discounts. Purchased P373,000 of merchandise on account from Agustin Enterprises. Terms: FOB shipping point: 3/10, n/30. Paid La Paz Express P9,000 freight for delivering merchandise acquired from Agustin Sold merchandise to Ronzales Corp. on account, P420,000. Terms: FOB shipping point; 2/10, n/30. Received returns from Ronzales Corp., P71,000. Buenaflor withdrew P400,000 from the business. Returned merchandise purchased from Agustin on June 24, P25,000. 22 23 24 24 25 26 28 28 Required: 1. Post the Feb 1, 2018 account balances to the ledger accounts. 2. Record the transactions for the month of February in a journal and post the transactions to the ledger. 3. Prepare the worksheet using the following information: a. Salaries in the amount of P51,000 have accrued on Feb. 28. b. Insurance coverage with premiums of P2,000 has expired at month-end. c. Depreciation on the building and on the equipment for the month amounted to P9,000 and P12,000, respectively. d. Supplies on hand at month-end amounted to P14,000. e. A count of the merchandise inventory on Feb. 28, 2018 amounted to P397,000. 4. Prepare an income statement and a statement of changes in equity for the month ended Feb. 28, 2018, and a balance sheet as at Feb. 28, 2018. 5. Prepare the adjusting and closing entries for the month. 6. Post the adjusting and closing entries to the ledger accounts