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Use the asset method of accounting On April 1, 2019, Hill Top Apartment purchased a 3-year fire insurance policy for P10,800 paying cash. The entry
Use the asset method of accounting
On April 1, 2019, Hill Top Apartment purchased a 3-year fire insurance policy for P10,800 paying cash. The entry made was a debit to Insurance Expense. REQUIRED: 1. Prepare all the entries in 2019 (payment, adjusting, and ciosing). 2. Prepare all the entries in 2020 (reversing, adjusting, and closing). 3. Prepare all the entries in 2021 (reversing, adjusting, and closing).
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1 On April 1 2019 Hill Top Apart ments purchased a 3 year fire insurance ...
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
27th edition
978-1337272094, 1337272094, 978-1337514071, 1337514071, 978-1337899451
