The unadjusted trial balance of Joselito Justo Manpower Service is as follows:
JOSELITO JUSTO MANPOWER SERVICE
Unadjusted Trial Balance
December 31, 2019
Debit
Cash 210,000
Accounts Receivable 80,000
Office Supplies 20,000
Office Equipment 50,000
Accumulated Depreciation - Office Equipment 5,000
Janitorial Equipment 200,000
Accumulated Depreciation - Janitorial Equipment 20,000
Unearned Revenue 100,000
Justo, Capital 25,000
Justo, Drawings 650,000
Service Revenue 800,000
Salaries Expense 30,000
Supplies Expense 10,000
Transportation Expense 36,000
Totals 800,000
Credit
5,000
20,000
100,000
25,000
650,000
800,000
Accrued salary expense: P30,000
Unbilled service revenue: P150,000
Unused supplies: P8,000
Depreciation expense is 10% of acquisition cost
Estimated accounts doubtful of collection is 5% of the outstanding balance
Unpaid utility bills: P20,000
Unearned revenue is now 40% earned.
Required: Prepare a 10-column worksheet for Joselito Justo Manpower Service. Label the adjusting entries using their respective letters as shown above. Record the adjusting entries.
