Exercise 22 s Records of the equipment purchased by Sinta Company showed: Useful life Items Qty Cost/ Unit Date Acquired Scrap Value in years Computer Sept. 1, 2018 Mar. 1, 2018 (2) P29,000 P5,000 4. Aircon (1) (3) 10,000 3,000 Airfan 1,500 Feb. 1, 2017 300 6. Direction: a) Adjusting entries on December 31, 2018 b) Financial position presentation as of December 31, 2018.

Exercise 22 s Records of the equipment purchased by Sinta Company showed: Useful life Items Qty Cost/ Unit Date Acquired Scrap Value in years Computer Sept. 1, 2018 Mar. 1, 2018 (2) P29,000 P5,000 4. Aircon (1) (3) 10,000 3,000 Airfan 1,500 Feb. 1, 2017 300 6. Direction: a) Adjusting entries on December 31, 2018 b) Financial position presentation as of December 31, 2018.

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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