Part Ii. Use the following information for the next two items Entity A provides bookkeeping services to Ertly for a monthly retainer foe (foxed marthly tuoj af P100,000. On December 1, 20x1, Entity A receives advanced fees of P300,000 covering the months of December 2011 and January and February of 20x2 1. Provide the journal entry to record the receipt of the advanced fee on December 1, 20x1 under each of the following methods: (al Liability method and (b) income method 2. Provide the adjusting entry on December 31, 2011 under each of the following methods (a) Liability method and (bi Income method Use the following information for the next two items: Entity Aprepaya one-year insurance for P240,000 on September 1, 2011 Irel 3