FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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In need of an answer for the first question/problem (letter A.) Thank you.
Exercise 22 Records of the equipment purchased by Sinta Company showed: Useful life Items Qty Cost/ Unit Date Acquired Scrap Value in years Computer Sept. 1, 2018 Mar. 1, 2018 (2) P29,000 P5,000 4 Aircon 6. (1) (3) 10,000 3,000 Airfan 1,500 Feb. 1, 2017 300 6. Direction: a) Adjusting entries on December 31, 2018 b) Financial position presentation as of December 31, 2018.
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Transcribed Image Text:Exercise 22 Records of the equipment purchased by Sinta Company showed: Useful life Items Qty Cost/ Unit Date Acquired Scrap Value in years Computer Sept. 1, 2018 Mar. 1, 2018 (2) P29,000 P5,000 4 Aircon 6. (1) (3) 10,000 3,000 Airfan 1,500 Feb. 1, 2017 300 6. Direction: a) Adjusting entries on December 31, 2018 b) Financial position presentation as of December 31, 2018.
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