April 30, 2021. The notes payable was correctly booked but the equipment was erroneously recorded under Other Operating Expenses. No other entries were made in 2020 related to the equipment. b. Cash collected for an accounts receivable amounting to P80,000 was booked as a credit to unearned service revenue. c. A transposition error was made in recording advertising expense amounting to 67,000. It was booked as a debit to advertising expense, P76,000, and credit to cash, P76,000. d. Supplies purchased in 2020 were expensed outright. After a count at year end, it was revealed that there are still P42,500 worth of unused supplies. 2. The following item were not recorded: a. The owner, infused additional capital into the business amounting to P100,000. b. The December 2020 utility bill worth P28,000 for water and electricity was received on January 8, 2021. c. Total salaries for a 5-day work week (Monday to Friday) amount to P16,000 paid out every Friday. The end of the year fell on a Thursday. d. There were two unrecorded and unbilled cleaning projects totaling P110,000 that were completed on December 29, 2020 and will be collected on January 6, 2021. e. A 12-month insurance contract amounting to P144,000 was purchased and coverage starts November 1, 2020. No adjustments have been made. f. Notes payable other than the one from la was issued on January 1, 2020 with a rate of 15% and payable on December 31, 2024. Interest is paid every January 1. Accrual of interest expense for the 4th quarter has not yet been recorded for all notes payable. g. Aside from 1b, unearned service revenue is composed of the following contracts: Amount Notes 260,000 60% has not yet Contract # Effectivity 1 October 1, 2020 2 December 1, 2020 540,000 Services to be been fulfilled. 3 January 1, 2021 rendered monthly for 12 months 300,000 Service to be No adjusting entries have been made related to these contracts. rendered monthly for 9 months. Prepare all necessary adjusting and/or correcting journal entries for the company based on findings. Omit explanations. Use only the accounts in the chart of accounts below. There will be deductions for entries in excess of what is necessary. The chronological order of the journal entries is not important.