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Using the trial balance below, how should I record an adjusting entry for: Unexpired Insurance...

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Accounting

Using the trial balance below, how should I record an adjusting entry for:

Unexpired Insurance 2,600

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Advertising Utilities Expense Rent Freight Out Insurance License and Taxes Interest Expense 18,000 1,650 20,350 5,400 14,600 11,200 1.800 P6,305.000 P6,305.000 Adjustments data: 1) Inventory, December 31, 2017, P550,000. 2) 10% of retained earnings was declared on December 31 as cash dividend payable on March 1, 2018 3) Depreciation rates: Equipment, 10% a year; Building, 5% a year. 4) Interest on the mortgage payable has not been recorded. 5) Unexpired insurance, P2,600. 6) Accrued Rent, P1,850. 7) Provision for Bad Debts, 1/2% of sales. 8) Appropriation Reserve for Treasury Shares was set up. 9) Tax rate is 30%. Prenare the following: intments Adiusted Trial Balance, Income Statement

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