The company purchased equipment on account for P190,000 on September 01, 2017. The equipment has an estimated useful life of 8 years and salvage value of P10,000. Determine the following: 1. What was the adjusting entry on December 31, 2017? Dr. 1 Cr. 3 2 2. What was the adjusting entry on December 31, 2020? Dr. 5 Cr. 6 4 INSTRUCTIONS: 1. Choose from the following accounts for the correct account of adjusting entries: A. Accumulated depreciation - equipment B. Allowance for doubtful accounts C. Accounts receivable D. Bad debts E. Depreciation expense F. Equipment 2. For the amounts of debit and credit, encode your answer in whole number without decimal places, no comma and no peso sign (eg if your answer is 5,000, encode it as 5000)