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Make adjusting entries for each of the items

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Question - The transactions for the year for Junior Architects have been recorded in the accounting system:

Service provided to a customer for P45,000 has not been recorded.

The note payable of P50,000 has been outstanding since September 1. Under the terms of the note, the note plus interest (10%) is to be paid on September 1 next year. No interest has been recorded on the note.

Employee wages of P50,000 for December will be paid in January.

Advertising cost of P15,000 for December has not been recorded.

Required - Make adjusting entries for each of the items above.

Reference no: EM132536820

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