On September 30, 2021, the end of fiscal year, the following information is available to ABC for making adjusting entries. 1. The entity calculated that as at September 30 it had earned P30,000 on a P360,000 contract that will be completed and billed in September of next year. 2. On September 1, the entity completed negotiations with another client and accepted an advance of P1,000,000 for services to be performed next year. The P1,000,000 was credited to Unearned Services Revenue. 3. The following contains the cost and accumulated depreciation for PPE, all of which were purchased 2 years ago: Accumulated Depreciation Account Land Machinery Cost P 5,500,000 P 1,600,00 P 640,000 4. Assume that on October 2, Saturday, the entity, which is on a six-day workweek and pays employees weekly, paid, it's regular salaried employees P231, 000. 5. The Supplies account showed a beginning balance of P25,000 and purchases during the year of P30,000. The year-end inventory revealed supplies on hand of 20,000. On September 30, 2021, the end of fiscal year, the following information is available to ABC for making adjusting entries. 1. The entity calculated that as at September 30 it had earned P30,000 on a P360,000 contract that will be completed and billed in September of next year. 2. On September 1, the entity completed negotiations with another client and accepted an advance of P1,000,000 for services to be performed next year. The P1,000,000 was credited to Unearned Services Revenue. 3. The following contains the cost and accumulated depreciation for PPE, all of which were purchased 2 years ago: Accumulated Depreciation Account Land Machinery Cost P 5,500,000 P 1,600,00 P 640,000 4. Assume that on October 2, Saturday, the entity, which is on a six-day workweek and pays employees weekly, paid, it's regular salaried employees P231, 000. 5. The Supplies account showed a beginning balance of P25,000 and purchases during the year of P30,000. The year-end inventory revealed supplies on hand of 20,000