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Deita Corporation has paida total of P 2008. On Decomber 31, of the same yoar, thero were accrued salaries of P S0,000. How much salarios should he adjustod by the year-end? Trepresenting the salaries of is ermpioyees for the calendar year ended P 50,000 P 150,000 P 100.000 d. Not given

Deita Corporation has paida total of P 2008. On Decomber 31, of the same yoar, thero were accrued salaries of P S0,000. How much salarios should he adjustod by the year-end? Trepresenting the salaries of is ermpioyees for the calendar year ended P 50,000 P 150,000 P 100.000 d. Not given

FINANCIAL ACCOUNTING
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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Delta Corporation has pakd a total of P 150,000 representing the salaries of its employees for the calendar year ended 2008. On Decombeor 31, of the same year, thero were accrued salaries of P S0,000. How much salarios should he adjustod by the year-end? P 50,000 Ob P 150,000 P 100.000 d. Not given
Transcribed Image Text:Delta Corporation has pakd a total of P 150,000 representing the salaries of its employees for the calendar year ended 2008. On Decombeor 31, of the same year, thero were accrued salaries of P S0,000. How much salarios should he adjustod by the year-end? P 50,000 Ob P 150,000 P 100.000 d. Not given
Based on the following selected account balances appearing in the trial balance of Midway Repair Company as of December 31, 2000: Cash Loan Payable Office Equipment Unearned Rentals Accrued Salaries Meg Drawing Repair Income Prepaid advertising Rent expense Meg Capital Accrued Interest income P 20,000 12,000 60,000 5,000 25,000 8,000 123,000 10,000 15,000 135,000 1,000 How much is the total of the debit balances? P 236,000 P 114,000 P 261,000 P 235,000
Transcribed Image Text:Based on the following selected account balances appearing in the trial balance of Midway Repair Company as of December 31, 2000: Cash Loan Payable Office Equipment Unearned Rentals Accrued Salaries Meg Drawing Repair Income Prepaid advertising Rent expense Meg Capital Accrued Interest income P 20,000 12,000 60,000 5,000 25,000 8,000 123,000 10,000 15,000 135,000 1,000 How much is the total of the debit balances? P 236,000 P 114,000 P 261,000 P 235,000
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