Can you extend a hand?

DIRECTION: Prepare a 10-column working paper, all necessary journal entries and the financial statements The unadjusted trial balance of Dores Marie Paterno Hobby Shop on December 31, 2019 appears as follows: Dores Marie Paterno Hobby Shop Unadjusted Trial Balance December 31, 2019 Accounts Debit Credit Cash P100,000 Accounts receivable 500,000 Merchandise inventory 700,000 Prepaid rent 300,000 Shop equipment 1,600,000 Accumulated depreciation P200,000 Accounts payable 400,000 Paterno, capital 1,300,000 Paterno, drawings 100,000 Sales 2,900,000 Sales discount 100.000 Purchases 800,000 Purchase returns and allowances 200,000 Transportation in 100,000 Salaries expense 400,000 Advertising expense 150,000 Utilities expense 100,000 Supplies expense 50.000 Totals 5,000.000 5,000,000 Additional information: . Accrued salaries at year-end amounted to P30,000. Rent in the amount of P100,000 has expired. Depreciation of shop equipment amounted to P200,000. Merchandise inventory at December 31, 2019 amounted to P500,000