From the following selected balances and additional information,prepare the adjusting entries at year$-$end: $($General Journal provided below$)$ DebitCreditAccounts receivableP$120,00018\%$ notes receivable $100,000$Supplies $4,500$Furniture and fixtures $72,500$Service fee revenueP$1,750,000$Utilities expense $16,000$ a$.$ Bad debts are estimated to be doubtful at $5\%$ of the accounts receivable.b$.$ The customers note is for $30$ days, dated December $16.$c$.$ Used supplies amounted to P$500.$d$.$ Estimated residual value of furniture and fixtures is P$8,500$ with useful life of $10$ years. Acquisition date was March $1.$e$.$ Unpaid bills received from PLDT P$2,500$ and from Meralco P$6,000.$