Find the adjusted total assets as of march 2021 and find the adjusted total expenses for the month ended March 31 2021. Show the complete

Find the adjusted total assets as of march 2021 and find the adjusted total expenses for the month ended March 31 2021. Show the complete solution. Transcribed Image Text: At the end of March 2021, the first month of operations, the following selected unadjusted data were taken
from the financial records of Dal-Mi Business:
Total assets P85,000
Initial capital P32,500
Total expenses P44,700
Net income P23,400
In preparing the financial statements, the following adjustments were overlooked:
• Store supplies consumed during the month, P3,500
• Unbilled sales as of March 28, P18,200
• Depreciation of store equipment for the month, P9,450
• Expired insurance for the month, P6,500
• Accrued salaries for this month, P13,400
• Accrued interest on notes issued, P1,050

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