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SAMPLE PROBLEM FOR REVIEW FINAL EXAMS - ADJUSTING ENTRIES 1 Brent Placement Agency issued a 2 0 % P 5 0 , 0 0 0
SAMPLE PROBLEM FOR REVIEW FINAL EXAMS ADJUSTING ENTRIES
Brent Placement Agency issued a Pday promissory note to Manila Sk$s Trade Center on October for training their contract workers.
REQUIRED:
A Give the entry of Brent Placement Agency on October and its adjusting entry at the end of
b Determine the balances to be presented in its financial statements.
c Give the entry of Manila Skill Trade Center on October and its adjusting entry.
d Determine the balances to be presented in its financial statements.
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