29. Gardner Company purchaseda truck from Kulner Ca by issuing a 6- month, 8% note payable for P60.000 on November 1. On December 31, the accrued expense adjusting entryhas No entry is required. O interest Expense of P4,800 bepreciation Expense of e4,800- Interestfayoble.of P800 Note Payable of P60,000

29. Gardner Company purchaseda truck from Kulner Ca by issuing a 6- month, 8% note payable for P60.000 on November 1. On December 31, the accrued expense adjusting entryhas No entry is required. O interest Expense of P4,800 bepreciation Expense of e4,800- Interestfayoble.of P800 Note Payable of P60,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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