ecreased by P310,100 5. The necessary adjusting journal entry for the error in recording capital expenditures on Machinery as of December 31, 2021 would include a: a. a debit to machinery of P543,000 b. a credit to retained earnings of P323,250 c. a debit to depreciation expense of P13,050 d. a credit to accumulated depreciation of P41,250 Case 6
ecreased by P310,100 5. The necessary adjusting journal entry for the error in recording capital expenditures on Machinery as of December 31, 2021 would include a: a. a debit to machinery of P543,000 b. a credit to retained earnings of P323,250 c. a debit to depreciation expense of P13,050 d. a credit to accumulated depreciation of P41,250 Case 6
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 8P
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