Please help me answer all the requirements
Extracted text: ZZZ Company shows On Dec. 31, 2017, account balances in their normal balances are as follows: Accounts payable 300,000 Accounts Receivable 335,000 Brenda, Capital 1,000,000 Brenda Drawing 250,000 Cash 710,000 Furnitures & Fixtures 225,000 Store Rental Expenses 150,000 Taxes & insurance Expenses 25,000 Freight out 50,000 Office Salaries Expense 75,000 Purchases 1,060,000 Sales 1,525,000 Sales returns & allowances 25,000 Purchase Discounts 80,000
Extracted text: Additional information as of Dec. 31, 2017: 1.Merchandise inventories as of Dec. 31, 2017 P305,000 2.Prepaid taxes & insurance P5,000 as of Dec. 31, 2017 3.Store rent for the month of Dec. 2017 remains unpaid P17,500 4.Depreciation on furnitures & Fixtures, 20% per year Instructions: a)prepare the adjusting journal entries b)prepare the worksheet c)Prepare the multi step Income Statement for the period d)Prepare Statement of Changes in Capital e)Prepare the report form of Statement of Financial Position