SOLVE THE FOLLOWING.

A trial balance of Kabayan Storage at the end of its accounting period appeared as follows:

KABAYAN STORAGE
Trial Balance
December 31, 2013

Cash 2,330.00
Account Receivable 970.00
Prepaid Insurance 1,450.00
Office Supplies 410.00
Office Equipment 1,780.00
Accumulated Depreciation – Office Equipment 450.00
Trucks 15,000.00
Accumulated Depreciation – Trucks 1,500.00
Building 45,500.00
Accumulated Depreciation – Building 4,550.00
Land 20,000.00
Accounts Payable 1,050.00
Unearned Storage Fees 750.00
Mortgage Payable 15,000.00
Noli Kabayan, Capital 44,500.00
Noli Kabayan, Personal 2,000.00
Storage Income 40,750.00
Office Salaries Expense 5,500.00
Truck Drivers’ Wages 10,600.00
Gas, Oil, and Repairs 3,010.00
108,550.00 108,550.00

Adjustment Data:
1. It is estimated that 10% of the accounts receivable is proven to be uncollectable.
2. An examination of insurance policies showed that P650 of insurance expired.
3. Actual count of office supplies showed a balance of P110.
4. Fixed assets are 15% depreciated annually.
5. Storage fees earned amounted to P450.
6. Accrued Expenses: office salaries, P1,500; truck drivers’ wages, P4,200.
Required:
1. Adjusting Journal entries
2. 10 Column Worksheet