On Nov. 30, 2013, the end of the fiscal year, the following information is available to enable you to prepare Edgar Detoya Company's adjusting entries: A. The Supplies account showed a beginning balance of P21,740. Purchases during the year were P45,260. The ending inventory revealed supplies on hand of P13,970.

B. The Prepaid Insurance account showed the following on November 30: Beginning Balance P35,800 July 1P42,000 October 1P72,720

The beginning balance represented the unexpired portion of a one-year policy purchased in September 2012. The July 1 entry represented a new one-year policy, and the Oct. 1 entry is additional coverage in the form of a three-year policy

C. The following table contains the cost and annual depreciation for buildings and equipment, all of which Detoya Company purchased before the current year:

D. On September 1, the company completed negotiations with a client and accepted an advance of P168,000 for services to be performed next year. The P168,000 was credited to Unearned Service Revenues.

E. The company calculated that as of November 30, it had earned P40,000 on a P110,000 contract that would be completed and billed in January

F. Among the liabilities of the company is a note payable in the amount of P3,000,000. On November 30, the accrued interest on this note amounted to P150,000,

G. Assume that on, December 3, a Saturday, the company, which is on a six-day workweek, will pay its regular salaried employees P123,000.

H. On November 29, the company completed negotiations and signed a contract to provide services to a new client at an annual rate of P175,000.​