Prepare the journal entries to record the following adjustment information of September 30, 2019 and at the same time the Adjusted Trial Balance. Write your answer in a two-column journal and in an 8-column worksheet. a. One month of scheduled advertising appeared in the school newspaper in the amount of P150. b. An inventory of Ironing supplies revealed approximately P50 onhand. c. Depreciation was taken on equipment with a useful life of 5 years. Ironing equipment costs P600. d. On Thursday, October 1, Linda would pay her first employee, who worked Tuesday and Thursdays, P120 for the week. e. Ironing services for one of the two students who had paid in advance had been performed as of 9/30/2019. f. On Tuesday, September 29, services had been finished for 2 students who promised to pay P50 each on 10/5/2019

Prepare the journal entries to record the following adjustment information of September 30, 2019 and at the same time the Adjusted Trial Balance. Write your answer in a two-column journal and in an 8-column worksheet. a. One month of scheduled advertising appeared in the school newspaper in the amount of P150. b. An inventory of Ironing supplies revealed approximately P50 onhand. c. Depreciation was taken on equipment with a useful life of 5 years. Ironing equipment costs P600. d. On Thursday, October 1, Linda would pay her first employee, who worked Tuesday and Thursdays, P120 for the week. e. Ironing services for one of the two students who had paid in advance had been performed as of 9/30/2019. f. On Tuesday, September 29, services had been finished for 2 students who promised to pay P50 each on 10/5/2019

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Description: Prepare the journal entries to record the following adjustment informationof September 30, 2019 and at the same time the Adjusted Trial Balance. Writeyour answer in a two-column journal and in an 8-column worksheet. a. One month of scheduled advertis

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

Chapter12: Intangibles

Section: Chapter Questions

Problem 2MC

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