Assignment #3: Preparing adjusting Entries at Year-end Prepare the adusting entry for Christine Gamba Caro under each o th ong tor the year ending December 31,2018 tyour adjusng entrncs m a journal he. The amount of penuum wa a Paid P24.000 for a 1-year fire suane policy to commence on Sept. debited to Prepaid Insurance b Bonowed P100,00 by Ina-yea ote with annual inteest to Century Savings Bank on 2018 c Paid Pl 60.000 cash to purchase a delverv van (suplus, on Jan. 11e van was expectcd to have a 3.vear hfe and a Pl0,0 salvae value. Depreciatcomputed on a strh bsts d. Receved an P18,) cash advance for contract to ptovide services the ue. The contrac eqred 1-year commitment, staring Apnl e. Purchased P6,400 of supplies on account. Ayears end, P7S0 o suppe temaned on hand f Invested Po0,000 cash in a eicate of depo that pud * annual tere The ceficae was acquired on SMay 1 and caed a year term to matunity. Paid 78,000 cash in advancc on Sept for a I-ycaasnfice space