Professional Documents
Culture Documents
Lisaca Quiz Adjusting Entries 4 J
Lisaca Quiz Adjusting Entries 4 J
BIT 4-J
ADJUSTING ENTRIES
PROBLEM 1
Date Particulars P.R Php Debit Credit
December 31 Interest Expense 710 Php 4,000.00
Interest Payable 217 Php 4,000.00
PROBLEM 2
Date Particulars P.R Php Debit Credit
March 31-2009 Insurance Expense 533 Php 450.00
Prepaid Insurance 117 Php 450.00
PROBLEM 3
Date Particulars P.R Php Debit Credit
June 30 Service Revenue 413 Php 800.00
Unearned Revenue 216 Php 800.00
PROBLEM 4
Date Particulars P.R Php Debit Credit
Interest Receivable 113 Php 1,700.00
Interest Income 611 Php 1,700.00
PROBLEM 5
Date Particulars P.R Php Debit Credit
July 3 Cash 110 Php 5,000.00
Unearned Revenue 216 Php 5,000.00
31 Unearned Revenue 216 Php 1,200.00
Service Revenue 413 Php 1,200.00
PROBLEM 6
Date Particulars P.R Php Debit Credit
November 31 Account Receivable 113 Php 11,000.00
Service Revenue 611 Php 11,000.00
PROBLEM 7
Date Particulars P.R Php Debit Credit
Office Supplies Expense 543 Php 460.00
Office Supplies 116 Php 460.00