Question: Prepare the Adjusting Journal Entry for the following: 1. Workers' salaries for the six-day week is P4,800, payable every Saturday. December 31 is Thursday. 2.
Prepare the Adjusting Journal Entry for the following: 1. Workers' salaries for the six-day week is P4,800, payable every Saturday. December 31 is Thursday. 2. Water bill received December 26, in the amount of P890 will be paid January 7 of the following year. 3. On November 15, Moringa Co. received a 90-day, P120,000, 10% note from customer. Record the interest due on the note at the end of December 31
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