Data for adjustments:• Annual depreciation: Office equipment - 20% Furniture & Fixtures - 10% WORKSHEET AND FINANCIAL STATEMMENTSCHAPTER 7-TEST SDateScoreCashNotes ReceivablesAccounts ReceivablesUnused Office SuppliesPrepaid Rentoffice EquipmentP310.000100,000120,00036,00060,000120,000Furniture and FixturesAccumulated Depreciation Office EquipmentAccumulated Depreciation - Furniture & Fixtures80,00020,00014,000Notes PayableLoans Payable - BankUnearned Professional Fees50,000200,00040,000Professional Fees510,000Calimlim, CapitalCalimlim, WithdrawalSalaries ExpenseTransportation ExpenseAdvertising ExpenseLight and Water ExpenseTelephone ExpenseMiscellaneous ExpenseAllowance for Doubtful Accounts203,20042,000108,00016,00014,0009,00018,00012,2008,000alor adjustments:SuppliesAn hand December 31, 2020, P9,000.

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Description: Data for adjustments:• Annual depreciation: Office equipment - 20% Furniture & Fixtures - 10% WORKSHEET AND FINANCIAL STATEMMENTSCHAPTER 7-TEST SDateScoreCashNotes ReceivablesAccounts ReceivablesUnused Office SuppliesPrepaid Rentoffice EquipmentP310.

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Answered: Data for adjustments: • Annual…

Business

Accounting

Data for adjustments: • Annual depreciation: Office equipment - 20% Furniture & Fixtures - 10%

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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