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  • Basic Financial Accounting and Reporting by Prof. WIN Ballada

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    Marvie Mendoza
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    Basic-Financial-Accounting-and-Reporting-by-Prof.-WIN-Ballada

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    150 views3 pages

    Basic Financial Accounting and Reporting by Prof. WIN Ballada

    Uploaded by

    Marvie Mendoza
    By me

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 3
    NAME: SECTION: Problem #6 _ isting Entries and Accounting § — : de by Rosemarie Jacalan Cleaners during The following are some of the transactions ma‘ 2019: 60,000. A count of Apr. 1 Acquired cleaning supplies in the ee ih Panne the supplies on Dec. 31, 2019 amounte Aug. 1 Received P360,000 from Cebu Manpower for cleaning janitorial uniforms over the next 3 years. Nov. 1 Paid P240,000 for annual rent. Required: 1. Assume that Jacalan records these traheactions using the following accounts, record the adjusting entries on Dec. 31, 2019: Office Supplies Prepaid Rent - Unearned Cleaning Revenues 2. Now, assume that Jacalan records these transactions using the following accounts, what will be the adjusting entries on Dec. 31, 2019? ; Ore Supe Expense ey : x Renit Expense be Cleaning Revenues) 2) "

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