b. An unearned commissionaccount in thetrial balance atthe end of the year showed a balance of P24,000. 1/5 of the amount is already eamed. 6. Type of adjustmentused? 7. The amountto beadjust?. 8. The adjusting entry.

b. An unearned commissionaccount in thetrial balance atthe end of the year showed a balance of P24,000. 1/5 of the amount is already eamed. 6. Type of adjustmentused? 7. The amountto beadjust?. 8. The adjusting entry.

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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