PLEASE ANSWER #13 - #15 ONLY! THANK YOU!

ADJUSTING ENTRIES prepare the adjusting entries for the following independent cases on December 31, 2021, unless the transaction provides another year-end. Omit explanation. 10. Nebraska Landscaping Services paid in advance the interest on its 120-day 12% note for P48,000 issued to a creditor on January 18, 2021 and debited the amount to Prepaid Interest. The firm prepares its financial statements on March 31 of every fiscal year. 11. Ohio Tailoring bought a brand new sewing machine on June 15, 2021 for P148,000. The asset has an estimated useful life of 10 years and salvage value of 10% of the purchase price. 12. Texas Printing Shop bought a printing machine on March 31, 2021 for P180,000. On September 1, 2021, the firm bought additional two printing machines at P150,000 each. It is the policy of the firm to depreciate its fixed assets at an annual depreciation rate of 20% with salvage value of 10% of original cost. 13. West Virginia Urban Cable estimates loss on accounts at 10% of Accounts Receivable. As of December 31, 2021, its total accounts receivable amounts to P320,000 and the balance of the allowance for doubtful accounts amounts to P25,000 before adjustment. 14. Missouri General Services has P85,000 outstanding customer accounts and allowance for doubtful accounts of P4,250 on January 1, 2021. During the year, the firm rendered P567,800 worth of services, 25% of which is on cash basis. It also collected P324,550 during the year. The company estimates loss on accounts at 5% of year-end accounts receivable balance. 15. Venus Beauty Parlor has not yet paid the following expenses at year-end: MERALCO, P37,400; Maynilad, P15,600; and PLDT, P7,500