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38 On June 1, 2020, Mugunghwa kkochi Pieot Seumnida (MKPS) Company reported a cash balance of P11,000. During June, JYP made deposits of P3,000 and made disbursements totaling P9,000. What is the cash balance at the end of June? * (1 Point) P5,000 debit balance P14,000 debit balance P5,000 credit balance P4,000 credit balance 39 Statement users need accounting to be able to * (1 Point) minimize losses prepare reports make sound decisions interpret the results of the reports -40 On June 1, 2020, Mugunghwa Kkoci Pieot Seumnida (MKPS) Company bought an additional equipment to produce bulk orders of marbles for P15,000 with scrap value of P1,500. The equipment has an estimated life of 5 years. On December 31, 2021, how much is the total accumulated depreciation related to this equipment? * (1 Point) Enter your answer 41 Mugunghwa Kkochi Rieot Seumaid (MKPS) Compeny Trial Balance December 21, 2019 P20,000 50.000 5.000 15.000 40.000 Cach Accounts Receivable Prepaid insurance Supplies Office Equipment Accumulated Depreciation - Office Equipment Accounts Payable Abad. Capital Service Revenue Salaries Expense Rent TOTAT P20.000 30,000 60,000 50,000 10.000 20,000 Wikn DIA If the estimated depreciation for office equipment is at an annual rate of 10%, the adjusting entry would contain a* m (1 Point) Credit to Office Equipment for P 2,000. Credit to Depreciation Expense - Office Equipment for P 4,000. Credit to Accumulated Depreciation - Office Equipment for P 2,000. Credit to Accumulated Depreciation - Office Equipment for P 4,000 42 Mugunghwa Kkoci Pieot Seumnida (MKPS) Company has provided the following information regarding ticket sales and collections to their amusement park from August to October: Cash received in October, for September booking = P2,300,000 Cash received in September, for October booking = P2,100,000 Cash received in August, for September booking = P1,800,000 Cash received in September, for September booking = P3,600,000 Under the Accrual Basis, determine how much revenue should be reported for September? * (1 Point) Enter your