Question: Hi I need help on what is the answer for the 3 sets of adjusting entries. Below is the problem and in the comment section

Hi I need help on what is the answer for the 3 sets of adjusting entries. Below is the problem and in the comment section I will put the reference and other concerns. I hope that you can help me and surely I will give you a positive feedback

Hi I need help on what is the answer for the 3
On Dec. 1. Jessica Call Center received a 45-day, 6% note for P15,000 from a customer for professional service rendered. The company uses the calendar accounting period ending Dec. 31. Instruction: Make two entries: a) December 1 for the note received and 2) December 31 for the adjustment to accrue interest for 30 days. 4 Patricia Ocampo, a consultant, employs one college student every summer to help her in her research work. As researcher, the student works five weekdays (Monday to Friday) for p350 per day and is paid on the following Monday. The last Monday of May is May 29 The calendar from May 21 to June 3 is reproduced below. Patricia uses the fiscal period ending May 31. Instruction: Prepare the adjustment for accrued salary on May 31. Sun Mon Tues Wed Thurs Fri Sat 21 22 23 24 25 26 27 28 29 30 31 2 3 6. Shiena Mortel started a new publication called The Good News. On May 1, a subscriber paid P1,200 for 12 monthly issues which Mortel credited to Advances from Subscribers upon receipt of cash. She sends magazines to each of these subscribers every month from January through December Instruction: Make two entries: a) to record the collection on May 1 and b) to record the adjustment at the end of December

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