second pic is the requirement needed on the last question from first pic

O ecember 31, 20x1unden 267 one-year insurance of of P1000. As of December 31, 20x1, the tenant has not yet paid the rent for the months of November and December. What is Your business has total accounts receivable of 2.400,000 as of December 31, 20x1. Of that amount, 5% is doubtful of collection and should be expensed. What is the adjusting entry Sut) a portion of the for a monthly rende on December 31, 20x1? he adjusting entry on December 31, 20x1? Tort income, et ord the prepayment on 5 llowing methods ecember 31, 20x1 under 6 Your business acquired a building on May 1, 20x1 for a total cost of $15,000,000. The building has an estimated useful life of 20 years. Your business records depreciation only at year- end. What is the adjusting entry on December 31, 20x1? (Hint: Depreciation normally starts from the acquisition date of an asset) ccounting period. The aring the year: 7. Your business collected royalty" income of P720,000 in advance on November 1, 20x1. As of December 31, 20x1, P560,000 of the advanced collection is earned. one-year, note payable interest on the note 2 ing entry on December Requirements: a. Provide the journal entry to record the collection on November 1, 20x1 under each of the following methods: i. Liability method ii. Income method Hints Royalty income': Uneared incoeur) b. Provide the adjusting entries on December 31, 20x1 under each of the methods listed above. .000 on December 28 1. Your business paid he adjusting entry on "Royalty income is the income you earn if you have invented something, wrote a book, composed a song, made a YouTube video and have it copyrighted, or other artistic or literary work, and you let another party use/publish/exploit your work in exchange for money. It is like renting out your work to another party. 8. Your business paid one-year fire insurance of P360,000 on a monthly rental of -business has not per e adjusting entry on October 31, 20x1. Requirements: Chapter a. Provide the journal entry to record the prepayment October 31, 20x7 under each of the following methods b. Provide the adjusting entries on December 31, 20x1 under 268 ii. Asset method Expense method each of the methods listed above