Prepare the necessary adjusting entries on the following items on December 31, 2016: 1. Rent Income...
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Prepare the necessary adjusting entries on the following items on December 31, 2016: 1. Rent Income account has balance of P370,000 as of December 31, 2016. An amount of P12,000 is applicable for January, 2017. Debit 2. The business received a 90-day, 10% note from customer on November 1, 2016 amounting to P60,000 for services rendered. Debit Credit 3. Unrecorded dental income as of December 31, 2016 amounted to P18,000. Debit Credit Credit Prepare the necessary adjusting entries on the following items on December 31, 2016: 1. Rent Income account has balance of P370,000 as of December 31, 2016. An amount of P12,000 is applicable for January, 2017. Debit 2. The business received a 90-day, 10% note from customer on November 1, 2016 amounting to P60,000 for services rendered. Debit Credit 3. Unrecorded dental income as of December 31, 2016 amounted to P18,000. Debit Credit Credit
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Rent income account has a balance of P370000 as of December 31 2016 An amo... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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