Given the following cases, prepare the adjusting journal entries on December 31, 2019. Presented below are the non-current assets of XYZ Pillow Company. Acquisition Date Property Cost Scrap Value Estimated Life April 01, 2018 Building P 1,000,000 P 600,000 10 years August 31, 2015 P 650,000 P 55,000 20 years Furniture and Fixtures Office Equipment October 16, 2013 P 70,000 P 20,000 6 years Account Titles and Explanation Debit Credit Date 2020 Dec 31 Php Php To record the depreciation expense of building Php Php To record the depreciation expense of furniture and fixtures Php Php To record the depreciation expense of office equipment