Prepare. Adjusting Entries on the worksheet (10-column), complete the worksheet, the FINANCIAL STATEMENTS, CLOSING ENTRIES, POST-CLOSE TRIAL BALANCE and REVERSING ENTRIES, If any.

The May 31,2020 Trial Balance for Rosalina Besario Surveyors is presented as follows:

Utilities expense 160,000 Insurance expense ' 250,000 Miscellaneous expense . 80.000 Totals 2% M The following information pertaining to the year-end adjustments is available: a. The P360 000 prepaid advertising represents expenditure made on November 1, 2019 for monthly advertising over the next 18 months. ' b. A count of engineering supplies at May, 31, 2020 amount to P90,000. c. Depreciation on the surveying equipment amounted to P160,000. d. One-third of the unearned survey revenues has been earned at year-end. e. At year-end, salaries in the amount of P140,000 have accrued. f. Interest of P60,000 on the notes payable has accrued at year-end. Rosalina Besario Surveyors Trial Balance May 31 , 2020 Accounts Debit Credit Cash 210,000 Accounts receivable 930,000 Prepaid advertising ~ 360,000 Engineering supplies 270,000. Survey equipment 1,890,000 Accumulated depreciation - Survey equipment 640,000 Accounts payable 190,000 Unearned survey revenue ' 120,000 Notes payable 500,000 Besario, Capital ' 1,120,000 Besario, Drawings 700,000 Survey revenue 6,510,000 Salaries expenses 3,270,000 Rent expense 960,000