What is the journal entry for adjustment letter E?

ALL All Drill 1_Completing the Accounting Cycle for Merchandising Operations Problem 1 Land Ro Maps sells specialty bags to malls in Cagayan de Oro. Listed below are the February 1, 2019 account balances of the company. 110 Cash 120 Accounts Receivable P33.000 192.000 130 Merchandise Inventory 5140 413.000 Supplies 150 51.000 Prepaid Insurance 48.000 160 460,000 170 Building 1.750.000 175 Accumulated Depreciation - Building 350,000 180 Service vehicle 2.3.10,000 185 Accumulated Depreciation - Service vehicle 630,000 Accounts Payable 108.000 220 Salaries Payable 230 Mortgage Payable 2,600.000 310 Maps. Capital 1609 000 320 Maps Withdrawals 330 Income Summary 410 Sales 420 Sales Returns and Allowances 430 Sales Discounts 510 Purchases 520 Purchase Returns and Allowances 530 Purchase Discounts 540 Transportation in 610 Salaries Expense 620 Supplies Expense 830 Insurance Expense 640 Depreciation Expense-Building 850 Depreciation Expense-Service vehicle 680 Transportation Out 870 Advertising Expense 880 Interest Expense 690 Miscellaneous Expense P5 257,000 P5,257,000 During the month of February 2019, the following transactions have transpired. 1 Collected P113,000 from customers on account 2 Paid P84,000 of accounts due less discounts of 3% 4 Purchased merchandise, P170,000. Terms: FOB Shipping Point: 3/10, 1/30 5 Sold merchandise on account to Gonzales Company, P270,000. Terms: FOB Shipping point: 2/10, 1/30 7 Paid for advertising expenses for the month of February, P8,000. Sold merchandise for cash, P250,000. M N V ? B All ch AH 8 9 10 12 14 15 18 18 19 20 Paid the amount due from Feb 4 transaction Pald Iloilo freight P4,000 for delivering merchandise Inst Feb 4 Received returns from the Gonzales Company, P70,000 Recoved payment from tho Gonzales Company loss returns and discounts Pald P26,000 Interest on the mortgage payablo Pald salaries P51.000 Sold merchandise on account to Ronzales Company, P392,000. Terms FOB destination: 2/10, 1/30 Paid P4,000 freight charges on the sale of February 16 Acquired supplies for cash, P21,000, Purchased P125,000 of merchandise from Lozada Company on account Terms FOB destination, 3/10, 1/30 Paid P7,000 miscellaneous expenses Received payment from Ronzales Company less discounts Purchased P373.000 of merchandise on account from Agustin Company Terms FOB Shipping point, 3/0 n/30 Pald La Paz Express P9,000 freight for delivering merchandise acquired from Agustin Sold merchandise to Ronzales Company on account, P420,000. Terms FOB Shipping point 2/10, 1/30. Received returns from Ronzales Company, P71,000 Ro Maps withdrew P400,000 from the business. Returned merchandise purchased from Agustin on June 24, P25,000. 22 23 24 24 25 26 28 28 Required 1. Create 2 outputs: (1) using the periodic inventory system, and (2) using perpetual inventory system 2. Disregard the VAT for this drill 3. Post the beginning balances of the accounts on their respective ledgers 4. Record the transaction for the month of February 5. Prepare the worksheet Additional Information: a. Salaries in the amount of P51,000 have accrued on February 28, b. Insurance coverage with premiums of P2,000 has expired at month-end, Depreciation on the building and on the service vehicle for the month amounted to P9,000 and P12,000, respectively d Supplies on hand at month-end amounted to P14,000 A count of the merchandise inventory on February 28, 0219 amounted to P397.000 8. Prepare the financial statements 7 Prepared adjusting entries and closing entries for the month & Post the adjusting and closing entries on the ledger