Prepare the adjusting entry for JEFF JOSHUA & KAYE APRIL Company under each of the following situations Use Asset and Liability method: 1. The Office Supplies Account showed a beginning debit balance of P10,000 and purchases of P10,000. The ending debit balance was P3,000. 2. Depreciation for the office building is estimated to be P59,000. 3. A one-year insurance policy was purchased for P120,000. The company has been covered for the last four months. 4. Accrued interest on notes payable amounted to P25,000. 5. The company received a P288,330 advance payment during the year on services to be performed. By year-end, two-thirds of the services have been performed. 6. Payroll for the five-year workweek, to be paid on Friday, is P125,000. The last day of the period is a Tuesday. 7. Services totaling P9,300 had been performed but not yet billed or recorded