Prepare the adjusting entries required by the following information made available to you on December 31, 2020, the end of the accounting period (1.5 points each item); a. On December 31, two notes are on hand (assume 360 days per year); P150,000 for 60 days dated December 16, 2020 at 14% was received from a customer P180,000, 90 days issued to BPI on December 1 2020 at 18% interest rate, b. The Unexpired Insurance account balance of P23.000 represents premlum paid on a two-year Insurance policy taken on December 1, 2019. The explred portion for the year 2019 has already been adjusted. (assume asset method was used) A six-month advertising contract was entered into by the business which required an advance payment of P240,000 on November 2, 2020 and was debited to Advertising Expense d. Rent Income was credited for P18,000 representing three months rent received from a lessee on October 15, 2020 e Supplies Expense has a balance of P9,500 representing supplies purchased during the year of which only P4,500 has been taken out from the stockroom