Question
Problem 1 Instruction: make the journal entries as of December 31, 2013 to adjust the following cases: CASE 1 On July 1, 2013, Sophie paid
Problem 1
Instruction: make the journal entries as of December 31, 2013 to adjust the following cases:
CASE 1
On July 1, 2013, Sophie paid a 3-year insurance coverage, P108,000. (Use Asset Method and Expense Method)
CASE 2
On July 1, 2013, Rene received a one-year advance rental fee, P48,000. (Use Income Method and Liability Method)
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Accounting Information Systems
Authors: Robert Hurt
4th Edition
78025885, 78025884, 9781259293795 , 978-0078025884
