Entity A started operations in 20x1. The following were the transactions for the year ended December 31, 20x1: 1. The owner invested P200,000 cash to the business. 2. The business obtained a 12%, one-year, bank loan of P300,000 on October 1, 20x1. Principal and interest are due at maturity date. 3. Purchased equipment on November 1, 20x1 for $360,000 cash. 4. Purchased office supplies worth P80,000 for cash (Entity A uses the Asset method). 5. Rendered services worth P180,000 for cash. 6. Rendered services worth P420,000 on account. 7. Collected P370,000 accounts receivable. 8. Paid utilities expense of P16,000. 9. Paid salaries expense P140,000. 10. The owner withdrew P100,000 cash from the business. Additional information: The equipment has a useful life of 5 years. 6% of accounts receivable are doubtful of collection. Unused office supplies on December 31, 20x1 amounted to P5,000. Requirements: a. Provide the journal entries. b. Post the entries to the ledger. C. Prepare the unadjusted trial balance. d. Provide the adjusting entries