PROBLEM B (Answer the following independent questions.) Question 34 2 Points Last April 1, 2020, 2-year notes payable amounting to Php 500,000 was issued by HEETAE Services with interest rate of 1% per month. Its interests are to be paid every March 31 and September 30. All interests are paid promptly and recognized when paid. If unadjusted interest expense on December 31, 2021 amounted to 45,000, adjusting entries for above transaction on December 31, 2020 will include Debit to Interest Expense for PBlank 1. Blank 1 Add your answer Question 35 2 Points Employees of HAJUN Enterprise are paid every Friday with wage amounting to P 300.00 per day. December 31, 2020 falls on a Tuesday. (Assume 5-day work week: Monday-Friday). If HAJUN has total of 25 valid employees, the Salaries Payable on December 31, 2020 is PBlank 1. Blank 1 Add your answer Question 36 2 Points Nagcarlan Business Services' property and equipment includes furniture and fixtures amounting to P115,000. These were purchased on October 1, 2019 and are expected to be used for three years. At the end of its useful life, it is estimated to be sold at P13,000. As of December 31, 2020, the accumulated depreciation of furniture and fixtures will show a balance of PBlank 1. Blank 1 Add your answer