programs. Information on 5. Ngekplex Co. sells one-year subscriptions for access to an online streaming of movies and TV subscriptions is as follows: Subscriptions Subscriptions expirations: 20x1 20x2 20x3 20x1 20x2 900,000 2,800,000 740,000 160,000 2.690,000 110,000 Requirement: Compute for the amounts of subscriptions revenue and unearned subscriptions to be reported in Ngegkplex Co.'s 20x2 financial statements. Gift certificates 6. During the year, Fine Ground sold gift certificates worth P400,000, of which P216,000 were redeemed. Fine Ground Co. has sold gift cards for many years and, based on its historical data, 10% of the gift cards sold are never redeemed. Requirements: Provide the journal entries using PFRS 15. Accrued liabilities 7. NV Co. has total current liabilities of P5,480,000 as of December 31, 20x1 before considering the following: December 20x1 utilities of P50,000 were paid on Jan. 7, 20x2. Cash dividends of P290,000 were declared and paid in January 20x2. NV Co.'s 20x1 financial statements were authorized for issue on February 14, 20x2. Employee withholding taxes in 20x1 were understated by P20,000. Requirement: Compute for the correct balance of current liabilities.