9. Received P10,000 cash from loan with BPI The loan have a simple interest of 10% in 1 year and to be paid every month. 9A. Balance sheet approach Particulars Transactions Debit Credit Additional Information.(can be with or without) Interest expense is different from the principal loan Adjusting entries for BSA Particulars Transactions Debit Credit 9B. Income Statement Approach Particulars Transactions Debit Credit Additional Information. (can be with or without) Interest expense is different from the principal loan Adjusting entries in ISA Particulars Transactions Debit Credit
9. Received P10,000 cash from loan with BPI The loan have a simple interest of 10% in 1 year and to be paid every month. 9A. Balance sheet approach Particulars Transactions Debit Credit Additional Information.(can be with or without) Interest expense is different from the principal loan Adjusting entries for BSA Particulars Transactions Debit Credit 9B. Income Statement Approach Particulars Transactions Debit Credit Additional Information. (can be with or without) Interest expense is different from the principal loan Adjusting entries in ISA Particulars Transactions Debit Credit
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 7EB: McMasters Inc. specializes in BBQ accessories. In order for the company to expand its business, they...
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