Uriel Pension House is a client of Jezza Marey Warain, CPA. The proprietor Ms. Uriel Romano has instructed his bookkeeper to prepare a trial balance for the month of January 2021. Uriel Pension House Preliminary Trial Balance January 31, 2021 Debit Credit Cash In Bank P180,000 Petty Cash Fund 1,500 Accounts Receivable 60,000 Estimated Uncollectible Accounts P1,000 Prepaid Insurance 12,800 Prepaid Interest (Bank Loan) 20,000 Operating Supplies 58,000 Building 1,950,000 Acc. Depreciation - Building 100,000 Furniture and Fixtures 1,575,000 Acc. Depreciation - Furniture & Fixtures 117,500 Linens and Towels 600,000 Notes Payable (Bank Loan) 785,000 U. Romano, Capital 3,418,500 U. Romano, Drawing 18,000 Hotel Income 144,400 Taxes and Licenses 12,880 Telephone and Postage 12,120 Laundry Expenses 15,000 Audit & Legal Fees 12,600 Salaries and Wages 25,000 Utilities Expense 13,500 Total P4,566,400 P4.566,400 Data for Adjustments: Required: a) Provision for uncollectible account should be at 5% of the 1) A 10-column worksheet outstanding receivable account. 2) Income Statement b) Unpaid salaries and wages, P8,000. 3) Balance Sheet c) Building is depreciated at 10% while Furniture & Fixtures, 20% 4) Statement of Owner's Equity annually. d) Interest on bank loan applicable for this period, P5,000. e) Supplies actually on hand, P5,500. f) P300 of the insurance premium paid in advance has expired. g) Cash payment by a customer covered by invoice No. 0085 dated Jan. 31, 2021 in the amount of P3,800 was not recorded. (Hotel Income)