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    jacquelinealadc's Avatar
    jacquelinealadc Posts: 3, Reputation: 1
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    #1

    Sep 1, 2013, 06:17 AM
    Accrued expense
    A business enterprise pays weekly salaries of 6000 pesos 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 period ends
    (a)on Tuesday (b) on Thursday
    jacquelinealadc's Avatar
    jacquelinealadc Posts: 3, Reputation: 1
    New Member
    		  
    #2

    Sep 1, 2013, 06:20 AM
    Prepaid expense
    Adelaida Dressmaking Shop paid 9000 peso worth of airtime advertising to Bombo Radio Philippines on December 1.The radio advertisement shall be the adjustment to be made at the December 31,if :
    (a)Adelaida Dressmaking Shop debited prepaid advertising upon payment on December 1.
    (b)Adelaida Dressmaking Shop debited advertising expense upon payment on December 1
    jacquelinealadc's Avatar
    jacquelinealadc Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Sep 1, 2013, 06:25 AM
    Prepaid expense
    The balance in the prepaid insurance account before adjustment at the end of the year is 3450 pesos.journalize the adjusted entry under each of the following alternative:
    (a).the amount of insurance expired during the year is 1990 pesos
    (b)the amount of unexpired insurance applicable to future periods is 1990 pesos
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Sep 1, 2013, 06:32 AM
    Please don't ask or expect us to do your homework for you. If you want to show us your answers we can try and critique them. But just posting your questions is not what this site is for.
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