For each of the following items, write first the journal entry and then, the adjusting entry if any, for the accounting year of Car Mon Rental Company on December 31, 2020. 1.) On December 1, 2020, borrowed ₱300,000 cash from BDO bank by issuing promissory note with an interest rate of 12% per annum payable in 3 months. 2.) On December 1, paid rental for six months from December 1, 2020 to May 31, 2021 at ₱3,000 per month. 3.) On December 31, rece

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