PLEASE ANSWER #1-#4 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. 1. Arizona Restaurant holds a 150-day 18% note for P75,000 dated September 2, 2021. The principal amount and interest on the note are collectible upon maturity. 2. On October 15, 2021, Colorado Janitorial Services borrowed money from the bank amounting to P180,000 by issuing a 6-month 15% note for the amount. Both principal amount and interest are to be paid upon maturity of the note. 3. Florida Telecommunications incurs salaries for its 18 contractual employees at the rate of P750 per day/employee. Salaries have not yet been paid for 4 days as of December 31, 2021. 4. Georgia People's Inn charges its tenants the following rates: P500 per day for transient occupants and P5,000 per month for the monthly tenants. As of December 31, 2021, the firm has not received yet the payment of five (5) transient occupants for the period from December 18-31, 2021. 5. Hawaii Catering Services is entitled to a 15% commission which is always received on the 5th day following the month of sale, based on its monthly sale of the products of Gourmet Corporation. Sales of Pollux of Gourmet's products for the last two months of 2021 are as follows: November, P375,000; December, P420,000. 6. Indiana Company received advance rental for 30 months amounting to P168,000 to take effect starting March 15, 2021. The amount was credited to a liability account. 7. Louisiana Photocopying Center's Office Supplies on January 1, 2021 has a balance of P7,500. Purchases of supplies during the year amounted to P35,510 while return of defective supplies amounted to P4,250. At year end, supplies worth P8,760 remain unused. 8. Prepaid Advertising for P180,000 was debited by Maryland Hillside Hotel on May 1, 2021 for a 2-year advertising contract. 9. Hiligaynon Magazine credited Unearned Subscription for P80,000 representing advance collection during the year from subscribers of its monthly magazine. As of the end of the year, 60% of the amount has already been earned