repared all indicated entries for 2012 and 2013. what is/are the rules in answering the problem?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sanity Company acquired a copyright to a best seller novel for P285, 000 on January 1, 2012. The copyright has a remaining legal life of 20 years.

Sales of the novel are estimated as follows:

2012 50, 000 copies

2013 30, 000 copies

201410, 000 copies

2015   5, 000 copies

 

Prepared all indicated entries for 2012 and 2013.
what is/are the rules in answering the problem?

 

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