Provide the adjusting entries on the following

$1.$ A company buys office equipment for Php$12,000.$ The equipment has an expected useful

life of $6$ years and a salvage value of Php$2,000.$ Calculate the annual depreciation

expense.

$2.$ A delivery truck costs Php$45,000,$ has a useful life of $8$ years, and a salvage value of

Php$5,000.$ Calculate the annual depreciation expense using the straight$-$line method.

$3.$ A business acquires computer equipment for Php$8,000.$ It has a useful life of $4$ years and

a salvage value of Php$1,000.$ Calculate the annual depreciation expense.

$4.$ A company purchases furniture for Php $25,000.$ The expected useful life is $10$ years with

a salvage value of Php $3,000.$ Determine the annual depreciation expense.

$5.$ A manufacturing company buys a machine for Php $60,000,$ which has a useful life of $15$

years and a salvage value of Php $6,000.$ Calculate the annual depreciation expense.

$6.$ A company pays its employees every two weeks. At the end of the month, the company

owes Php $5,000$ in salaries for the last week that won't be paid until the next month. How

should this be recorded?

$7.$ A company has a loan of Php $100,000$ with an annual interest rate of $6\%.$ The interest is

paid annually, but at the end of the year, the interest for the last six months has not been

recorded. Calculate the accrued interest.

$8.$ A company receives a utility bill for Php $2,400$ that covers January's usage, but the bill

will not be paid until February. How should the company record this?

$9.$ A consulting firm provides services worth Php $10,000$ in December but will bill the client

in January. How should this be recorded?

$10.$ A company estimates it owes Php $7,000$ in income taxes for the current year, but the

payment is due next year. How should this be recorded?