N&P RECORDS UNADJUSTED TRIAL BALANCE FOR THE YEAR ENDING DECEMBER 31, DEBIT P500,000 300,000 150,000 2020 CREDIT CASH ACCOUNTS RECEIVABLE INVENTORY, JAN. 1 FURNITURE & FIXTURES BUILDING (NET) ACCOUNTS PAYABLE P250,000 NOTES PAYABLE 200,000 NORA, CAPITAL 750,000 PIP, CAPITAL 620,000 NORA, DRAWING PIP, DRAWING SALES 800,000 PURCHASES OPERATING EXPENSES TOTAL P2,620,000 400,000 300,000 100,000 120,000 600,000 P2,620,000 150,000 ADDITIONAL INFORMATION: 1. MERCHADISE INVENTORY DECEMBER 31, 200A, P500,000. 2. ACCRUED INTEREST ON NOTPE PAYABLE IS P4,000 3. ESTIMATED UNCOLLECTIBLE ACCOUNT IS 1% OF THE ACCOUNTS RECEIVABLE. 4. DEPRECIATION IS 20% PER FIXED ASSETS.