$ PREPARE ALL THE ADJUSTING ENTRIES SHOWING THE DETAILED COMPUTATIONS. PREPARE THE WORKING PAPER OF VICTORY COMPANY. t the end of the calendar year 2021, VICTORY COMPANY accounting in charge has make some adjustments to its Unadjusted trial balance in order to reflect he correct accounts and figures for the current year's financial statements. he following are the transactions that needs to be recorded as adjusting entries. 1 The vehicle the company bought in February 1, 2021 needs to be depreciated. It has an estimated salvage value of 25% of the cost and a usefull of 4 years. PUT YOUR COMPUTATIONS HERE: 2 The office tables and chairs amounting to P100,000.00 has a useful life of 3 years with a salvage value of P20,000.00. These were bought January 15, 2021. PUT YOUR COMPUTATIONS HERE: 3 The company estimated a 10% doubtful accounts of all of its receivables. PUT YOUR COMPUTATIONS HERE: 4 The advance payment to Bros Advertising was made last June 10, 2021 covering 12 months. PUT YOUR COMPUTATIONS HERE: 5 The company rented a display room in a mall and paid P15,000.00 per month straight contract covering July 1, 2021 to June 30, 2022. PUT YOUR COMPUTATIONS HERE: 6 The company received P220,000.00 on November 10, 2021 advance payment from its client for goods purchased and yet to be delivered to the client. PUT YOUR COMPUTATIONS HERE: 7 The company has to recognize the salaries of its employees for the period December 16, 2021- December 31, 2021 amounting to P75,000.00 PUT YOUR COMPUTATIONS HERE: 8 The company has unpaid utility bills amounting to P23,000.00. PUT YOUR COMPUTATIONS HERE: 9 The president of the company decided to invest unused cash of the company in treasury bills. The invested amount was P130,000.00 made on December 5, 2021 with an interest of 5% and will mature on February 4, 2022. PUT YOUR COMPUTATIONS HERE: 10 The accountant found out that the were plane tickets of the presidents not yet paid amounting to P30,000.00 PUT YOUR COMPUTATIONS HERE: Accounts Cash Accounts Receivable Notes Receivable Prepaid Advertising Furnitures and Fixtures Vehicle Accounts Payable Loans Payable Legaspi, Capital Legaspi, Withdrawal Service revenue Transportation expense Salaries exp TOTAL VICTORY COMPANY Unadjusted Trial Balance Deember 31, 2021 DR 500,000.00 750,000.00 50,000.00 100,000.00 200,000.00 1,000,000.00 0 0 0 120,000.00 0 75,000.00 700,000.00 3,495,000.00 CR 0 0 0 0 0 295,000.00 200,000.00 1,000,000.00 0 2,000,000.00 0 0 3,495,000.00