On December 31, the end of the current fiscal year, the following information is

available to assist Bora Company’s accountants in making adjustment entries:

a. Bora’s supplies account shows a beginning balance of P6,000. Purchases during

the year were P10,300. The end-of-year inventory reveals supplies on hand of
P3,000.

Supplies Expense 13,300

Supplies 13,300
To record supplies used for a year

b. On July 1, the company completed negotiations with a client and accepted an

advance of P4,800 for the services to be performed monthly for a year. The
4,800 was credited to Unearned Service Revenue

Unearned Service Revenue 4,800

Service Revenue 4,800
To record earned Services

c. Among the assets of the company is a note receivable in the amount of

P100,000. On December 31, the accrued interest on this note amounted to
6,000.

Interest Receivable 6,000

Interest Income 6,000
To record Income Earned

d. On Saturday, January 3, the company which is on a six-day workweek, will pay

as regular employees their weekly wages of P9,000.

Wages Expense 9,000

Wages Payable 9,000
To record unpaid wages at year end