Dent expense account has a balance of P 10.800 before adintmentThis amount represents rental for four months November 1, 2018. Based on these data, what would be the adjusting entry on December 31, 2018 A premium of P 16,200 was paid for a three-year property insurance policy effective May 1, 2018 at which time Prepaid Insurance was debited. Determine the adjustment on September 30, 2018. 5. The company received a 90-day note with 15% annual interest amounting to P200,000, dated November 1, 2018 Record the interest that has accrued on this note as of December 31, 2018. the end of the company's reporting period 6. On August 1. a company received from a tenant the advance navment of P 81.000 for six month rent of office space and this to Rent Revenue account. The adjusting entry on the company's fiscal year ends on Sep 30 will be For nos. 7 and 8 On January 1, 2018, Motor Loco Company purchased a two sets of computer equipment for cash. Each set amounts to P 55.000 and has a useful life of 3 years. It is estimated that the salvage value of each set of computer can be sold for P 10,000 7. What is the journal entry on January 1, 2018? 8. What is the adjusting entry on December 31, 2018 to record the depreciation? For nos. 9 and 10 Taken Company reported P 500,000 accounts receivable as of December 31, 2017 and P 850,000 as of December 31, 2018 before the allowance for doubtful accounts. During the year, the Company has a total sales of P 1.2 million which composed of P 500.000 cash sales and P 700,000 credit sales. Assuming. Taken Company estimates the allowance for doubtful accounts based at 2% of accounts receivable. What is the adjusting entry on December 31, 2018 to record the doubtful accounts expense? 10 Assuming Taken Company estimates the allowance for doubtful accounts based at 2% of sales on account. What is the adjusting entry on December 31, 2018 to record the doubtful accounts expense