Problem #4 Worksheet Preparation The May 31, 2020 trial balance for lly Abella Surveyors is presented as follows: lly Abella Surveyors Trial Balance May 31, 2020 1 Cash Accounts Receivable Prepaid Advertising Engineering Supplies Survey Equipment Accum. Depreciation-Survey Equipt. Accounts Payable Unearned Survey Revenues Notes Payable Abella, Capital Abella, Withdrawals Survey Revenues Salaries Expense Rent Expense Insurance Expense Utilities Expense Miscellaneous Expense Totals P 210,000 930,000 360,000 270,000 1,890,000 P 640,000 190,000 120,000 500,000 1,120,000 700,000 6,510,000 3,270,000 960,000 250,000 160,000 80,000 P9,080,000 P9,080,000 a. The following information pertaining to the year-end adjustments is available: The P360,000 prepaid advertising represents expenditure made on Nov. 1, 2019 for monthly advertising over the next 18 months. b. A count of the engineering supplies at May 31, 2020 amounted 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. Required: Prepare the adjustments on the worksheet and complete the worksheet