Kilkenny Company reported in the income statement for the current year P1,100,000 of wages expense. The previous year's statement of financial position reported P100,000 of wages payable. An analysis of the payroll records showed wage payments during the year of P950,000. The previous year's adjusting entry for unpaid wages was reversed at the beginning of current year.

What is the amount of the adjusting entry for accrued wages payable at yearend?