Presented below is the unadjusted trial balance of the Moises Dondoyano Information

Systems for the year ended December 31, 2019

Trial Balance
dr cr
Cash ₱45,000.00
Notes Receivable 360,000.00
Accounts Receivable 156,000.00
Office Supplies 63,000.00
Land 300,000.00
Building 1,590,000.00
Accumulated Depreciation - Building 254,000.00
Equipment 2,150,000.00
Accumulated Depreciation - Equipment 612,000.00
Accounts Payable 213,000.00
Unearned Consulting Revevenues 450,000.00
Dondoyano, Capital 2,655,000.00
Dondoyano, Withdrawals 600,000.00
Consulting Revenues 2,108,000.00
Salaries Expense 875,000.00
Repairs Expense 116,000.00
Miscellaneous Expense 37,000.00
Totals ₱6,292,000.00 ₱6,292,000.00

Additional Information
a. Office supplies on hand as of December 31, 2019 is P21,000.
b. One-third of the unearned revenues has been earned as at December 31,,2019
c. Depreciation for the year amounted to P38,000 for the building and P123,000
for the equipment
d. Salaries in the amount of P14,000 have accrued at year-end
e. The notes receivable were accepted from several customers. The notes were
issued on September 1, 2019 and will be settled together with a 20% interest
on May 31, 2020.

Required
1. Complete Worksheet until Post-closing trial balance including supporting T-account computations
for Income Summary and Capital accounts.
2. Closing entries.
3. Income Statement
4. Balance Sheet
5. Reversing Entries
IS WS
15 40.00