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Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Learning Task 2: Journalize the entries for the following adjustments on December 31, the ed of
the accounting period:
a. Prepaid insurance expired, P 6,000.
b. Interest revenue Accrued, P 41,000.
C. Unearned service revenue earned, P8,000.
d. Depreciation, P 62,000
e. Employee salaries owed for two days of a five-day workweek: weekly payroll, P 90,000.
Learning Task 2: Journalize the entries for the following adjustments on December 31, the end
of the accounting period:
Account Titles
Debit
Credit
a.
b.
C.
d.
e.
f.
T
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