7. Journalize the adjusting entries (L(Use General journal):A. Rent expense for April.B. Supplies Expense to be recorded if the physical count counducted revealed P1,000 onhand.C. Accrued Salaries on April for P800.D. Utilities Payable for April amounted to P2,200.E. Depreciation Expense for Delivery Equipment for the month of April. Use 10 yrs usefulife and no salvage value. (acquired April 5) Compute for 1 month depreciation only.Use two decimal places.F, Depreciation Expense for Office Equipment for the month of April. Use 5 yrs useful lifeand no salvage value.(acquired April 8) Compute for 1 month depreciation only. Usetwo decimal places.G. Depreciation Expense for Furniture & Fixtures for the month of April. Use 5 yrs useful lifeand no salvage value (acquired April 28) Compute for 1 month depreciation only. Usetwo decimal places.8. Prepare Statement of Financial Performance, Statement of Changes in Owner's Equity andStatement of Financial Position.

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7. Journalize the adjusting entries (Use General journal): A. Rent expense for April. B. Supplies Expense to be recorded if the physical count counducted revealed P1,000 on hand. C. Accrued Salaries on April for P800. D. Utilites Payable for April amounted to P2,200. E. Depreciation Expense for Delivery Equipment for the month of April. Use 10 yrs useful

7. Journalize the adjusting entries (Use General journal): A. Rent expense for April. B. Supplies Expense to be recorded if the physical count counducted revealed P1,000 on hand. C. Accrued Salaries on April for P800. D. Utilites Payable for April amounted to P2,200. E. Depreciation Expense for Delivery Equipment for the month of April. Use 10 yrs useful

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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