Dr. Pim Paul of PIMPAUL Derma Clinic receives an interest bearing note from a customer : September 1, 2019 I promise to pay in the order of PIMPAUL Derma clinic the sum of 10, 540.00 plus a 14% interest per annum for 90 days from the date of issue Mr. Arrie Nula 

a. Compute and prepare the journal entry including the interest income on the maturity date of the note during collection. 

b. Compute and prepare the journal entry on the interest earned at the end of the accounting period on the 3rd quarter of the year using fiscal year. 

On October 1, 2016 Ms. Tee Pid started a business and paid P93,150 amount for 3 years of office rent 

a. Record the journal entry upon payment of the amount of 93,150.00 

b. Record the adjusting journal entry at the end of the accounting period using calendrer year