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help mo to do this Identify the type of adjustment for each item. Write DE for Deffered Expense, DR for Deffered Revenue, AE for Accrued
help mo to do this
Identify the type of adjustment for each item. Write DE for Deffered Expense, DR for Deffered Revenue, AE for Accrued Expense and AR for Accrued Revenue. And Explain 1. Unpaid salaries P40,000.00 2. Revenue earned but not yet collected, P100,000.00 3. Rent paid on November 1, 2018 for six months, P60,000.00 which was debited for rent expense 4. Rent paid on November 30, 2018 for twelve months P60,000.00 which was debited to prepaid rent. 5. Received a 60-day, 10% note from customer on December 1, 2018, P50,000.00 6. The company issued a 180-day, 8% promoissory note on September 1, 2018, P90,000.00 7. Of the P10,000.00 office supplies on June 1, 20108, only P1,600 is still on hand. Office supplies expense is debited at the time of purchase. 8. Of the P10,000.00 office supplies on June 1, 20108, only P1,600 is still on hand. Office supplies account is debited at the time of purchase. 9. Received P200,000.00 on December 1, 2018 for services to be performed after 1 week P150,000.000 earned during the year.Unearned service is credited on December 1. 10. Received P200,000.00 on December 1, 2018 for services to be performed after 1 week P150,000.000 earned during the year.service revenue is credited on December 1
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