.u GLOBE ca) @ 57% 1+ 8 classroom.google.com For instance. if a certain dormer in Matalino Dormitory failed to pay rent during a certain month, an adjusting entry should still be made even though cash is yet to be received. The entry should be as follows: Rent Receivable 30.000 Cr. Rent Revenue 30,000 a E - Engagement Activity 1 - PERFORMANCE TASK - Make the necessary adjusting entries on each of the following independent cases. Show your solutions after each entry. (5 pts on each problem) 1. A law rm began November with ofce supplies of P16.000. During the month, the rm purchased supplies of P29,000. On November 30, supplies on hand totaled P21.000. 2. A business received cash of P300000 in advance for revenue that will be earned later. The cash receipt entry debited cash and credited unearned revenues for P300000.r At the end of the period . P110,000 is still unearned. 3. An entity's weekly payroll of P50.000 is paid on Fridays. Assume that the last day of the month falls on Wednesday. 4. Equipment costing P508000 has a useful life of ve years with an P60,000 salvage value at the end of five years. Record the depreciation for the year. 1. Adjusting Entry: Supporting Computation: 2. Adjusting Entry: Supporting Computation: 3. Adjusting Entry: Supporting Computation: 4. Adjusting Entry: Supporting Computation: Questions from FABM '1 Ballade (2017 Edition)