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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
hi,..!! i hope u can answer it,.. the following data are gathered prior to the preparation of the year end adjusting journal entries of IEMELIF enterprises: nature: last payment date: TAXES december 15, 20-7 ELECTRICITY december 22, 20-7 WATER december 10, 20-7 WAGES december 27, 20-7 period covered by the payment: amount paid: MONTH OF NOVEMBER P 8,345 NOVEMBER 16 TO DECEMBER 15 P7,530 OCTOBER 26 TO NOV.25 P1,890 6 DAYS, UNTIL DEC27 P76,590 accrued wages is for three days, dec.28,29 and 31 required: a.)based on the given information, estimate the accrued expenses as of december 31 20-7 b.)prepare the needed adjusting journal entries as of dec. 31, 20-7
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