1) On November1, 2019, MIDTERM paid P36,000 to renew its insurance policy for 3 years. On December 31, 2019, MIDTERM's unadjusted trial balance showed a balance of P900 for prepaid insurance and P44,100 for insurance expense. What amounts should be reported for insurance expense in MIDTERM's Dec. 31, 2019 financial statements?

2)An entity has P1,500 of supplies on hand at the end of 2018. During 2019, P2,850 of supplies were purchased. A count of supplies on hand at the end of 2019 found an inventory of P675. What was the amount supplies expense for 2019?

3) MIDTERM Real Estate owns an office building and leases the office under a variety of rental agreements involving rent paid in advance monthly or annually. Not all tenants make timely payments of their rent. MIDTERM's balance sheets contained the following data:

20182019

Rental ReceivableP190,000P250,000

Unearned Rentals680,000480,000

During 2019, MIDTERM received P1,500,000 from tenants. What amount of rental revenues should MIDTERM record for 2019?

4) Salaries Payable were P3,500 at the end of September and P2,800 at the end of October. Salaries Expense for October was P18,000. How much cash was paid for salaries during October?

5) Unearned Revenues was P6,000 at the end of February and P7,500 at the end of March. Service Revenues was P42,000 for the month of March. How much cash was received for services provided during March?