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Prepare the necessary adjusting entries on the following items on December 31, 2016: 1. Rent Income account has balance of P370,000 as of December
Prepare the necessary adjusting entries on the following items on December 31, 2016: 1. Rent Income account has balance of P370,000 as of December 31, 2016. An amount of P12,000 is applicable for January, 2017. Debit 2. The business received a 90-day, 10% note from customer on November 1, 2016 amounting to P60,000 for services rendered. Debit Credit 3. Unrecorded dental income as of December 31, 2016 amounted to P18,000. Debit Credit Credit
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Rent income account has a balance of P370000 as of December 31 2016 An amo...
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
