********* Prepare the adjusting journal entry using the adjusting information

Mr. Mario Osaka, a sole proprietor owns Labada Mo Lalabhan ko Company, which started September 2, 2015. The initial investments of Mr. Osaka were as follows: September 2 He invested 120,000 cash; laundry equipment 35,000; furnitures and fixtures 22,500; office supplies 4,200 and laundry supplies worth 5,000. September 8 Bought dryers and spinners from Abenson outlet for 40,000. Osaka paid 30% down payment and the balance on account. September 10 on account. Laundry services rendered totaled 195,000, of which 40% September 12 Received proceeds of 220,000 from a bank loan for business use. Osaka would used this to purchase a van for pick-up and delivery of laundry from and to clients. September 14 Purchase a delivery van from Renzo Motors for 250,000. Jordan used the entire proceeds from the bank loan to pay for the delivery van and the balance on account. September 15 Paid various operating expenses during the month: Water and electricity, 28,000. Telephone expense, 6,000, and repair expense, 3,500. September 18 Laundry services rendered totaled 180,000, of which 30% was settled with a note and the balance on account. September 20 Received laundry advances from Madeleine Hotel for services to be rendered next month, 90,000. September 22 Collected 90% of the outstanding receivable from September 10 transactions. September 26 Purchased detergents and fabric conditioners from Ivana Cleaning Scents, 12,000. Paid 8,000 cash and the balance on account. September 28 Returned 2,000 worth of damaged detergents and fabric conditioners bought last September 26. September 29 Mr. Osaka withdrew 3,000 for personal use. September 30 paid wages of two staff, 10,000 each