"The Upside Down Café paid ₱180,000 in advance for a one-year lease on their coffee shop space starting July 1, 2025."

At the end of an accounting period, what type of adjusting entry is needed for this transaction?

"On November 25, 2025, Bikini Bottom Burgers provided catering services to a customer for ₱50,000"

At the end of an accounting period, what type of adjusting entry is needed for this transaction?

On October 1, 2024, San Manuel Store issues a P50,000 note payable with an 8% annual interest rate for 90 days. How much accrued interest should be recorded by December 31, 2024?

Nine's Pizza lends P80,000 to a supplier on November 1, 2024, at a 6% interest rate for 120 days. What is the accrued interest as of December 31, 2024?

Joseph's House of Ice Cream issued a 2-year note payable of P150,000 at 7% interest on April 1, 2024. How much accrued interest should be recorded by December 31, 2024?

A business pays P4,500 in rent on the 12th of each month. If the company follows accrual accounting, how much rent expense should be recorded on at the end of the month?

Trailbakers issues a 90-day, P120,000 note payable on July 10, 2024, with an 8% interest rate. How much interest should be accrued by December 31, 2024?

Shrek’s Swamp Smoothies lends P75,000 to a supplier on December 1, 2024, with a 5% interest rate for 60 days. How much interest should be accrued by December 31, 2024?

A company pays a subscription for a super specialized program for P5,000 every 9th of the month. What is the value of the adjusted entry at the end of the month?

A P45,000 note payable was issued on November 19, 2024, at 9% interest for 90 days. How much accrued interest should be recorded by December 31, 2024?

On July 15, a company issued a 180-day note worth P89,000 with an interest rate of 7.5%. If the company prepares adjusting entries on December 31, what is the accrued interest expense to be recorded?

A P200,000 note payable was issued on March 1, 2024, with a 6% interest rate for one year. How much accrued interest should be recorded by December 31, 2024?

On September 17, 2024, September Salon issued a ₱100,000 promissory note with a 6% interest rate, payable in 120 days. By December 31, 2024, how much accrued interest should be recorded (105 days)?

Piltover University pays one of its employees ₱36,000 every 16th of the month. The employee earns a fixed salary for 16 days before receiving payment. By the end of the month, what is the accrued salaries payable that should be recorded as an adjusting entry?