Activity 9: Preparing Adjusting Entries at Year-End Do the following: Prepare the adjusting entry for Christine Gamba Company under each of the following for the year ending December 31, 2013: a. Paid Php24,000 for a 1-year fire insurance policy to commence on Sept. 1. The amount of premium was debited to Prepaid Insurance. b. Borrowed Php100,000 by issuing a 1-year note with 7% annual interest to Century Savings Bank on Oct. 1, 2013. C. Paid Php160,000 cash to purchase a delivery van (surplus) on Jan. 1. The van was expected to have a 3- year life and a Php10,000 salvage value. Depreciation is computed on a straight-line basis. d. Received an Php18,000 cash advance for a contract to provide services in the future. The contract required a 1-year commitment, starting April 1. e. Purchased Php6,400 of supplies on account. At year's end, Php750 of supplies remained on hand. f. Invested Php90,000 cash in a certificate of deposit that paid 4% annual interest. The certificate was acquired on May 1 and carried a 1-year term to maturity. g. Paid Php78,000 cash in advance on Sept. 1 for a 1-year lease on office space. Write your answer (adjusting entries) on a yellow pad. Capture or scan copy your answer and submit it on a .pdf format on the submission module provided. Follow the prescribed format as discussed during our online session. File name: "Surname" - Activity 9