Problam: The Adjustad trial balance of Juan's Store as at July 31, 2017 givan below: Juan Store Adjusted Trial Balances July 31, 2017 Cash 50,000 Accounts Receivable 10.000 Allowance for Uncollecti ble Accounts 1000 Merhandise Inentory, July 31 Stare supplies 3,500 Prepaid Rent 10,000 Stare Equipment 60,000 Accumulated Depredation 600 Funiture 10,000 Accumulated Depredation S00 Accounts Payable Notes Payable Juan, Capital Juan, Drawing 5,000 10,000 187300 10,000 100,000 Sales Sales discount 800 Purchases 120,000 Freight in 6,500 Purchase discount 5,000 Salaries Expense Rent Expense Advertising Expense Store supplies Expense 15,000 5,000 3,500 4,000 Depreciation Expense-Store Equipment 600 Depreciation Expense- furniture Total 500 309,400 309.400 The marchandise inventory, July 31 is P65,000 Prepare the Statoment of finandial Position: Juan Store Income Statoment For the month af July 31,2017 Assets Curment Assets ALLOW. for Uncollectible Accounts P1.000 P9.000 Merchandise Inventory, July 31 Non-Currant Assote Less Less: Total Liabilibes CAP