bawoda soled him boszibens is Lids Charlotte observed that the unadjusted trial balance showed Service Income amounting to 760,000 but the adjusted trial balance indicated P750,000 plus an Unearned Service Income amounting to P10,000. This time, Charlotte is confident to conclude that the year-end adjustment recorded by Vicky for this is the following: Date Particulars Dec. 31 Service Income Unearned Service Income P/R Debit Credit 10,000 10,000 To record unearned income Charlotte called Vicky and said triumphantly: "Adjusting entries are not difficult after all!" Vicky was delighted to know that her friend is making good progress in understanding the accounting cycle. ress The following exercises caught the attention of Charlotte and she decided to try doing it.uib xon or by bemaal oved boy los grizujbe to a cog of Before you proceed to the next adjusting entries, do the following exercises to practice the four adjusting entries that you have learned.
bawoda soled him boszibens is Lids Charlotte observed that the unadjusted trial balance showed Service Income amounting to 760,000 but the adjusted trial balance indicated P750,000 plus an Unearned Service Income amounting to P10,000. This time, Charlotte is confident to conclude that the year-end adjustment recorded by Vicky for this is the following: Date Particulars Dec. 31 Service Income Unearned Service Income P/R Debit Credit 10,000 10,000 To record unearned income Charlotte called Vicky and said triumphantly: "Adjusting entries are not difficult after all!" Vicky was delighted to know that her friend is making good progress in understanding the accounting cycle. ress The following exercises caught the attention of Charlotte and she decided to try doing it.uib xon or by bemaal oved boy los grizujbe to a cog of Before you proceed to the next adjusting entries, do the following exercises to practice the four adjusting entries that you have learned.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:bawoda soled him boszibens is Lids
Charlotte observed that the unadjusted trial balance showed Service
Income amounting to 760,000 but the adjusted trial balance indicated
P750,000 plus an Unearned Service Income amounting to P10,000. This
time, Charlotte is confident to conclude that the year-end adjustment
recorded by Vicky for this is the following:
Date
Particulars
Dec. 31
Service Income
Unearned Service Income
P/R
Debit Credit
10,000
10,000
To record unearned income
Charlotte called Vicky and said triumphantly: "Adjusting entries are
not difficult after all!" Vicky was delighted to know that her friend is
making good progress in understanding the accounting cycle.
ress
The following exercises caught the attention of Charlotte and
she decided to try doing it.uib xon or by
bemaal oved boy los grizujbe to a cog of
Before you proceed to the next adjusting entries, do the following
exercises to practice the four adjusting entries that you have learned.
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