4-A The Kuri Mao Company accumulates the following adjustment data at December 31.Dec.2Fees earned but unbilled total P 6, 000Store supplies of P 3, 000 have been usedUtility expenses of P 2, 250 are unpaidFees of P 2, 600 collected in advance have been earned346Salaries of P 8, 000 are unpaidPrepaid insurance totaling P 3, 500 has expiredInstructions:a) Determine the type of adjustment (prepaid expense, unearned revenue, accrued revenue, oraccrued expense).b) Prepare adjusting entries

Here in this question, we are required to make journal entry and determine the type of transaction.…

4-A The Kuri Mao Company accumulates the following adjustment data at December 31. Dec. 2 Fees earned but unbilled total P 6, 000 3 Store supplies of P 3, 000 have been used Utility expenses of P 2, 250 are unpaid Fees of P 2, 600 collected in advance have been earned Salaries of P 8, 000 are unpaid Prepaid insurance totaling P 3, 500 has expired 4 5 6 Instructions: a) Determine the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense). b) Prepare adjusting entries

4-A The Kuri Mao Company accumulates the following adjustment data at December 31. Dec. 2 Fees earned but unbilled total P 6, 000 3 Store supplies of P 3, 000 have been used Utility expenses of P 2, 250 are unpaid Fees of P 2, 600 collected in advance have been earned Salaries of P 8, 000 are unpaid Prepaid insurance totaling P 3, 500 has expired 4 5 6 Instructions: a) Determine the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense). b) Prepare adjusting entries

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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