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PERRY Company reported Unearned Income beginning balance of P917,000 and ending balance of P762,000. The Company received P2,342,000 advance payments during the year. What is
PERRY Company reported Unearned Income beginning balance of P917,000 and ending balance of P762,000. The Company received P2,342,000 advance payments during the year. What is the amount of revenue that the Company reported during the year? HEINZ Company has a beginning balance in Supplies Inventory of P32,000. During the year, it acquired P763,000 additional supplies and charged it to Supplies Expense. At the end of the year, the remaining unused supplies amounted to P40,000. The adjusting entry at the end of the year should contain a credit to Supplies Expense of what amount
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