If services totaling P12,500 had been performed but not yet billed, what would the adjusting entry include? Sy Nak Tan Claims Adjuster Trial Balance Dec. 31, 2020 Cash Accounts Receivable Prepaid Insurance P 20,000 50,000 5,000 Supplies Office Equipment Accum. Depreciation - Office Equipment Accounts Payable Tan, Capital Service Revenues Salaries Expense Rent Expense 15,000 40,000 P 20,000 30,000 60,000 50,000 10,000 20,000 P 160,000 P 160,000 debit to Service Revenues for P12,500 credit to Service Revenues for P12,500 credit to Service Revenues for P62,500 credit to Unearned Service Revenues for P12,500

If services totaling P12,500 had been performed but not yet billed, what would the adjusting entry include? Sy Nak Tan Claims Adjuster Trial Balance Dec. 31, 2020 Cash Accounts Receivable Prepaid Insurance P 20,000 50,000 5,000 Supplies Office Equipment Accum. Depreciation - Office Equipment Accounts Payable Tan, Capital Service Revenues Salaries Expense Rent Expense 15,000 40,000 P 20,000 30,000 60,000 50,000 10,000 20,000 P 160,000 P 160,000 debit to Service Revenues for P12,500 credit to Service Revenues for P12,500 credit to Service Revenues for P62,500 credit to Unearned Service Revenues for P12,500

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Description: If services totaling P12,500 had been performed but not yet billed, what would theadjusting entry include?Sy Nak Tan Claims AdjusterTrial BalanceDec. 31, 2020CashAccounts ReceivablePrepaid InsuranceSuppliesOffice EquipmentAccum. Depreciation - Offic

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 8RE: At the end of 2019, Framber Company received 8,000 as a prepayment for renting a building to a...

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