Extracted text: Edit Done Problem #2 Worksheet Preparation Angeles De Guzman is a lawyer specializing in corporate tax law. Provided below i trial balance taken on Dec. 31, 2017: De Guzman Legal Services Trial Balance Dec. 31, 2017 Cash Office Supplies P 75,000 8,000 12,000 Prepaid Insurance Office Equipment 150,000 60,000 Computer Equipment Notes Payable Accounts Payable P 50,000 5,000. De Guzman, Capital 114,000 De Guzman, Withdrawals Consulting Revenues Rent Expense 35,000 390,000 50,000 Salaries Expense Telephone Expense 120,000 10,000 39,000 Utilities Expense P559,000 P559,000 information for year-end adjustments: Office supplies on hand at year-end amounted to P3,000, On Jan. 1 of the current year, De Guzman purchased office equipment which cost P150,000 with an expected life of 5 year and no salvage value. Computer equipment costing P60,000 with an expected life of three years and no salvage value was purchased on July 1 of the current year. A premium of P12,000 for a one-year insurance policy was paid on Dec. 1. Salaries earned by legal aide, which have not yet been paid, amounted to P3,000. a. b. C. d. е. Required: 1. Prepare the adjustments on the worksheet and complete the worksheet. 2. Journalize the adjusting entries. More