E. Gevera Realty Co. who owns a building in the downtown area in Davao City was partly
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E. Gevera Realty Co. who owns a building in the downtown area in Davao City was partly rented by Metro Drug Company 2,000 per month starting January 2002. Based on their lease contract agreement the rental will be paid every second day after the end of the month and it was being done on a consistent basis. The accounting period ends on December 31, 2002. How will both business take this up in the record as an adjustment in their respective books of accounts?
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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