Make the adjusting journal entry for this and make an explanation/solution on how you come up with the answer. I prefer handwritten so I can clearly understand it thank you for helping.

ACTIVITY 1: ADJUSTING ENTRIES (Q2) Directions: Refer to the Trial Balance of Sure Repair Shop to prepare the adjusting entries of the business SURE REPAIR SHOP Trial Balance December 31, 200A ACCOUNT DEBIT CREDIT Cash P 9, 000 Accounts Receivables 12, 000 Repair Supplies 15, 000 Repair Tools 12, 000 Furniture and Fixtures 65, 090 Service Equipment 200, 000 Notes Payable P 32, 500 G Alajar, Capital 202, 000 G Alajar, Drawing 7, 500 Service Income 109, 000 Advertising Expense 2, 500 Salaries Expense 9, 000 Uitility Expense 1, 500 Rent Expense 10, 000 Total P343, 500 P 343. 500 On December 31, the end of the accounting period the following data were taken: I. An actual account of repair supplies showed a balance of 8, 500 2. Repair Tools depreciated at 10% per annum 3, Furniture and Fixtures are estimated to have a useful life of 5 years while service equipment has a useful life of 10 years. Both assets were bought on September 1 of the current year. 4, A 10% interest accrued on the notes payable 5. On the income received, P 9, 090 is applicable to the next accounting period. 6. Accrual of expenses: Salaries Expense P 2, 500; Rent 5, 000 7. The balance of the Advertising expense represents payment for five months paid on September 1 of the current year