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BESTIE Company acquired a machinery on April 1, 2018. The company paid P50,000 for the machine and P3,000 delivery fee to the seller. The machine

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BESTIE Company acquired a machinery on April 1, 2018. The company paid P50,000 for the machine and P3,000 delivery fee to the seller. The machine has salvage value of P3,000 and useful life of 3 years. Adjusting entries of BESTIE Company would include which of the following? O A.Debit depreciation expense for $17,000 B.Debit depreciation expense for P12,750 O C. Debit accumulated depreciation for P12,750 D.Credit accumulated depreciation for P17,000 ALYANA Company purchased office supplies costing P8,000 and debited the office supplies asset account for the full amount. At the end of the accounting period, a physical count of office supplies revealed P3.200 still on hand. How much is the balance pf Office Supplies? 1 A.8,000 O B.4,800 OC 3,200 OD NONE OF THE ABOVE

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