1. The Philippine Airlines has provided the following information regarding ticket sales and collections from September to November: Cash received in September to October flights P5,500,000 Cash received in October for October flights 3,000,000 Cash received in October for November flights 4,000,000 Cash received in November for October flights 4,500,000 a) Using the accrual rule, determine how much revenue should be reported for October b) Using the cash concept, determine how much revenue should be reported for October. 2. Bentong Consultancy has provided the following information regarding cash payments to its cmnloyees from May to Ily