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thanks in advance lll. Based on the following data, prepare the necessary adjusting entries at the end of the accounting period, December 31. (20 points)

thanks in advance

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lll. Based on the following data, prepare the necessary adjusting entries at the end of the accounting period, December 31. (20 points) A. Office Equipment costing P 55,000 was acquired on March 1 of the current year. It has an estimated salvage value of P 1,000 and useful life of 10 years. B. Rent for nine months from May 1 was paid and charged to Prepaid Rent account, P 45,000. C. Of the balance in advertising expense account of P 60,000; P 10,000 is applicable for next year. D. Interest Accrued on Notes Receivable, P 760. E. Interest Accrued on Notes Payable , P 900

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