Prepare a worksheet

The company began its operations on January 2,2021 . The following trial balances came trom the general ledger of Makulay Company as of December 31, 2021, end of the annual accounting period. Additional information gathered as of December 31, 2021 - The umadjusted trial balance contains the amount of withdrawals as 1/3 of the value of capital. 80,00 The amount of supplies on hand was 22% as of December 31,2021 Accrued Salaries = P4, 000 The note payable was dated October 31,2021 . The principal and interest will be paid after six months with 12% interest per annum. - The rent was paid on January 2,2021 representing 14 month rental. 14014=10K=120,0 2. The furniture and equipment was purchased at the middle of its first year of operations. 44,00 Estimated life of the furniture and equipment is 5 years with P25,800 residual P45,000 represents unearned portion of advance collection of service incorre. 50% of the rent incme is not yet earned as of December 31,2021.3,780 REQUIRED: The company began its operations on January 2,2021 . The following trial balances came trom the general ledger of Makulay Company as of December 31, 2021, end of the annual accounting period. Additional information gathered as of December 31, 2021 - The umadjusted trial balance contains the amount of withdrawals as 1/3 of the value of capital. 80,00 The amount of supplies on hand was 22% as of December 31,2021 Accrued Salaries = P4, 000 The note payable was dated October 31,2021 . The principal and interest will be paid after six months with 12% interest per annum. - The rent was paid on January 2,2021 representing 14 month rental. 14014=10K=120,0 2. The furniture and equipment was purchased at the middle of its first year of operations. 44,00 Estimated life of the furniture and equipment is 5 years with P25,800 residual P45,000 represents unearned portion of advance collection of service incorre. 50% of the rent incme is not yet earned as of December 31,2021.3,780 REQUIRED