second poc is the continuation of question from last question in the first pic

re not yet paid. ang entry on De the following the 111 the pepe Adjustin Entries 269 ve. 5 ar accounting period ens during the year. 20,000, one-year, wote be ne principal and interes What is the adjustinge on December 31, siness acquired any 6. Your business has accounts receivable of P300,000. You estimated that out of that amount 10% is doubtful of collection and needs to be charged to expense. What is the adjusting entry to record the doubtful accounts? 7. Your business is renting out properties. On June 1, 20x1, your business receives one-year advanced rent of P360,000 from one of your tenants. The advanced rent covers the months of June 1, 20x1 to May 31, 20x2. Requirements: a. Provide the journal entry to record the collection on June 1, 20x1 under each of the following methods. i. Liability method ii. Income method b. Provide the adjusting entries on December 31, 20x1 under each of the methods listed above. ompensation during the 8. Your business pays one-year insurance of P360,000 on aries were paid on the September 1, 20x1. s the adjusting entre Requirements: a. Provide the journal entry to record the prepayment on September 1, 20x1 under each of the following methods: i. Asset method ii. Expense method b. Provide the adjusting entries on December 31, 20x1 under each of the methods listed above. counts to two decimal places Ericity bill for the pe entry to record there ce. The monthly the rent for the mont PROBLEM 5: ADJUSTING ENTRIES 1. Entity A has 100 employees, each earning an average daily rate of P600. Entity A's last salary payment date in 20x1 was on December 27, 20x1. However, 25 employees were required to render overtime work during the last three days of December 20x1. The compensation for the overtime work, which was considered "double-time pay," was paid during t to use the computer e? the first week of January 20x2. What is the adjusting entry on 270 PROBLT Entit December 31, 20x1? 4