prepare the adjusting journal entries prepare the adjusted trial balance

A trial balance and additional information for adjustments appear below for RACAL Auto Repair Shop after one year of operation: MMB AUTO REPAIR SHOP TRIAL BALANCE additional information: a. 10% of the accounts receivable should be recognized as doubtful of collection. b. Insurance premium recorded as Prepaid Insurance was for 6 months starting Sept. 1, 2016. c. Supplies still on hand, P200. d. The note receivable represents a 60-day 12% note received from the customer on Nov. 16, 2016. e. Machinery and equipment were acquired April 1, 2016 with an estimated useful life of 10 years and a scrap value of P50,000. f. The notes payable is for 60 days at 18% due to Republic Finance dated December 1,2016. g. The furnitures and fixtures were acquired January 1,2016 with an estimated useful life of 10 years and a scrap value of P2,500. Round off to the nearest peso