REQUIREMENT: Prepare adjusting entries for the following transactions:physical count was conducted and revealed that sup
Posted: Tue Jul 05, 2022 11:22 am
REQUIREMENT: Prepare adjusting entries for the following transactions:physical count was conducted and revealed that supplies on hand at December 31 wasPhp18,500.
REQUIREMENT: Prepare adjusting entries for the following transactions:
physical count was conducted and revealed that supplies on hand at December 31 was
Php18,500.
Shown below is the unadjusted trial balance of IE Manufacturing Corporation with balances for the year ended December 31, 2021: IE Manufacturing Corporation Unadjusted Trial Balance December 31, 2021 Account Titles Cash Accounts Receivable Marketable Securities Prepaid Rent Supplies Machinery Accumulated Depreciation-Machinery Debit Php123,050 50,600 22,200 20,000 25,300 800,000 Credit Php280.000
Machinery Accumulated Depreciation-Machinery Accounts Payable Deferred Income [11. Capital Stock Retained Earnings Sales Cost of Goods Sold Salaries and Wages Expense Utilities Expense Total 800,000 95,000 60,500 23,200 Php1,219,850 Php280,000 7,500 6,000 692,950 34,000 199,400 Php1,219,850 REQUIREMENT: Prepare adjusting entries for the following transactions: A physical count was conducted and revealed that supplies on hand at December 31 was Php18,500.
Salaries and Wages Expense Utilities Expense Total 60,500 23,200 Php1,219,850 Php1,219,850 REQUIREMENT: Prepare adjusting entries for the following transactions: Aphysical count was conducted and revealed that supplies on hand at December 31 was Php18,500. O Debit Supplies expense 18,500/Credit Supplies payable 18,500 O None of the above O Debit Supplies 18,500/Credit Supplies expense 18,500 O Debit Supplies expense 6,800/Credit Supplies 6,800 O Debit Prepaid supplies 8,600/Credit Supplies expense 8,600
REQUIREMENT: Prepare adjusting entries for the following transactions:
physical count was conducted and revealed that supplies on hand at December 31 was
Php18,500.
- Requirement Prepare Adjusting Entries For The Following Transactions Physical Count Was Conducted And Revealed That Sup 1 (35.92 KiB) Viewed 13 times
- Requirement Prepare Adjusting Entries For The Following Transactions Physical Count Was Conducted And Revealed That Sup 2 (42.99 KiB) Viewed 13 times
- Requirement Prepare Adjusting Entries For The Following Transactions Physical Count Was Conducted And Revealed That Sup 3 (43.04 KiB) Viewed 13 times
Machinery Accumulated Depreciation-Machinery Accounts Payable Deferred Income [11. Capital Stock Retained Earnings Sales Cost of Goods Sold Salaries and Wages Expense Utilities Expense Total 800,000 95,000 60,500 23,200 Php1,219,850 Php280,000 7,500 6,000 692,950 34,000 199,400 Php1,219,850 REQUIREMENT: Prepare adjusting entries for the following transactions: A physical count was conducted and revealed that supplies on hand at December 31 was Php18,500.
Salaries and Wages Expense Utilities Expense Total 60,500 23,200 Php1,219,850 Php1,219,850 REQUIREMENT: Prepare adjusting entries for the following transactions: Aphysical count was conducted and revealed that supplies on hand at December 31 was Php18,500. O Debit Supplies expense 18,500/Credit Supplies payable 18,500 O None of the above O Debit Supplies 18,500/Credit Supplies expense 18,500 O Debit Supplies expense 6,800/Credit Supplies 6,800 O Debit Prepaid supplies 8,600/Credit Supplies expense 8,600