Adjusting entries.docx - 1. Office supplies on hand at...

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1.Office supplies on hand at year-end amounted to P3,000.
2.On Jan. 1 of the current year, Sunshine purchased office equipment which cost 150,000with an expected life of 5 years and no salvage value.
3.Computer equipment costing P60,000 with an expected life of three years and no salvagevalue was purchased on July 1 of the current year.
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Term
Fall
Professor
NoProfessor
Tags
Depreciation, Generally Accepted Accounting Principles, year end, Current Year, sunshine

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