Part II. Prepaid Expense Apollo Dressmaking Shop paid P9,000 worth of airtime advertising to Eclipse Radio Philippines on December 1. The radio advertisement shall be aired every 9:00 AM and 8:00 PM every day for 60 days starting December 31, what shall be the adjustment to be made at the December 31, if Apollo Dressmaking Shop debited prepaid advertising upon payment on December 1. Date Particulars PR Debit Credit Part III. Accrued Expense A business enterprise pays weekly salaries of P6,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the fiscal period, assuming that the fiscal period ends on Tuesday. Date Particulars PR Debit Credit

Part II. Prepaid Expense Apollo Dressmaking Shop paid P9,000 worth of airtime advertising to Eclipse Radio Philippines on December 1. The radio advertisement shall be aired every 9:00 AM and 8:00 PM every day for 60 days starting December 31, what shall be the adjustment to be made at the December 31, if Apollo Dressmaking Shop debited prepaid advertising upon payment on December 1. Date Particulars PR Debit Credit Part III. Accrued Expense A business enterprise pays weekly salaries of P6,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the fiscal period, assuming that the fiscal period ends on Tuesday. Date Particulars PR Debit Credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 8EA: Record the journal entry for each of the following transactions. Glow Industries purchases 750...

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