18.Bronson Company operates a retail store and must determine the proper December 31, 2015 year-end accrual for the following expenses: . The store lease calls for fixed rent of P10,000 per month payable at the beginning of the month. Additional rent equal to 6% of net sales over P2,000,000 per year payable on January 31 of the following year. Net sales for 2016 amounted to P8,000,000. The entity has real property subject to real property tax. The city's fiscal year runs July 1 to June 30 and the tax assessed at 3% of real property on hand on July 1, 2015 is payable on June 30, 2016. The entity estimated that the real property tax will amount to P60,000 for the city's fiscal year ending June 30, 2016. On December 31, 2015,

What amount should be reported as i accrued liabilities?

a. 516,000

b. 390,000

c. 510,000

d. 396.000

19.Bronson Company operates a retail store and must determine the proper December 31, 2015 year-end accrual for the following expenses: The store lease calls for fixed rent of P10,000 per month payable at the beginning of the month.. Additional rent equal to 6% of net sales over P2,000,000 per year payable on January 31 of the following year. Net sales for 2015 amounted to P8,000,000. * The entity has real property subject to real property tax. The city's fiscal year runs July 1 to June 30 and the tax assessed at 3% of real property on hand on July 1, 2015 is payable on June 30, 2016. The entity estimated that the real property tax will amount to P60,000 for the city's fiscal year ending June 30, 2016. On December 31, 2015.

What amount should be reported as accrued liabilities?

a. 516,000

b. 390,000

c. 510,000

d. 396,000