J. The general ledger of M. Cerda Consulting Service Cash Accounts Receivable Furniture and Equipment Accumulated Depreciation Accounts Payable М. Сеrda, Capital M. Cerda, Drawing Consulting Fees Below are the data needed for adjustments: 1. Office Rentals for May and June at P 5.000 per month were still unpaid at Jun 30 2. Insurance paid on January 1 was for a one year period. 3. Advertising for the month of June of P 1,000 was still unpaid. ·4, One-half of the P 9 600 collected in advance on June 1 for consulting services is P 152,360 70,500 150,000 30,000 66,000 247,350 72,000 393,480 Office Supplies Expense Insurance Expense Salary Expense Advertising Expense Rent Expense Taxes and Licenses Expense 16,820 Utilities Expense Miscellaneous Expense 18,850 10,800 139,600 11,000 50,000 31,250 13,65

J. The general ledger of M. Cerda Consulting Service Cash Accounts Receivable Furniture and Equipment Accumulated Depreciation Accounts Payable М. Сеrda, Capital M. Cerda, Drawing Consulting Fees Below are the data needed for adjustments: 1. Office Rentals for May and June at P 5.000 per month were still unpaid at Jun 30 2. Insurance paid on January 1 was for a one year period. 3. Advertising for the month of June of P 1,000 was still unpaid. ·4, One-half of the P 9 600 collected in advance on June 1 for consulting services is P 152,360 70,500 150,000 30,000 66,000 247,350 72,000 393,480 Office Supplies Expense Insurance Expense Salary Expense Advertising Expense Rent Expense Taxes and Licenses Expense 16,820 Utilities Expense Miscellaneous Expense 18,850 10,800 139,600 11,000 50,000 31,250 13,65

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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