Did not record the depreciation on the equipment costing P500,000 (P50,000 residual value, 10-year useful life). b. Failed to adjust the Unearned Revenue account to reflect that p40,000 was earned by the end of the year. c. Recorded full year Accrued Interest Expense on P150,000, 12% note payable, which was only outstanding since October 1, 2020. d. Failed to adjust Insurance Expense to reflect that P16,000 related to future insurance coverage. e. Did not accrue P8,000 rental expense for renting part of building as storage facility. Required: For each of the errors, prepare the adjusting journal entry that should have been made at year-end, December 31, 2020. Use the format provided in the next page