D. On January 1, 2021, Mrs. Enjambre bought a machinery for P 325,000 with a estimated usefullife of 8 years. Once fully depreciated, the machinery can be sold to a junk shop at P 5,000.I. Provide Adjusting Entry for the depreciation at Dec. 31, 2021E. Accounts receivableP 60,000Allowance for doubtuful accounts350 (credit balance)Doubtul of collection %2%1. Provide Adjusting Entries by the year end Dec. 31, 2021F. Wrong use of Account Title. The company bought an office table and chairs worth P 15,000 forcash but the bookkeeper recorded it as:Entry made.office Supplies15,000Cash15,0001 Provide a.) Should be entry and b.) Adjusting Entry to correct the entry made by thebookkeeper.

Name: D. On January 1, 2021, Mrs. Enjambre bought a machinery for P 325,000
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Description: D. On January 1, 2021, Mrs. Enjambre bought a machinery for P 325,000 with a estimated usefullife of 8 years. Once fully depreciated, the machinery can be sold to a junk shop at P 5,000.I. Provide Adjusting Entry for the depreciation at Dec. 31, 202

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D. On January 1, 2021, Mrs. Enjambre bought a machinery for P 325,000 with a estimated useful life of 8 years. Once fully depreciated, the machinery can be sold to a junk shop at P 5,000. I. Provide Adjusting Entry for the depreciation at Dec. 31, 2021

D. On January 1, 2021, Mrs. Enjambre bought a machinery for P 325,000 with a estimated useful life of 8 years. Once fully depreciated, the machinery can be sold to a junk shop at P 5,000. I. Provide Adjusting Entry for the depreciation at Dec. 31, 2021

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 47P

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