Question 66 2 pts As of this year-end but before any adjusting entries, the company's outstanding balance of Accounts Receivable totaled P162,100 while Allowance for Doubtful Accounts amounted to P8,105. It is the company's policy to increase allowance by 3% of accounts receivable every year. How much is the adjustment for doubtful accounts expense for this year? Round-off final answer to nearest peso. P3,242 OP4,863 OP4,620 O P12.968 Question 65 2 pts This year, a merchandising company rents out its building to a tenant for a monthly rent of P100,000 to be paid every beginning of the month. On August 31, an advance payment was made by the company tenant for the remaining months of the calendar year. Assume no beginning balance, in the company's books as of calendar year-end, the adjusted balance of Unearned Rent Income is O P100,000 O P400,000 PO P500,000