Financial Accounting > QUESTIONS & ANSWERS > ACCOUNTING 403: REF C1 FINANCIAL ACCOUNTING AND REPORTING REVIEW EXAMINATION REVIEWER (All)
Glaus Corp. signed a three-month, zero-interest-bearing P152,205 note on November 1, 2018 for the purchase of P150,000 of inventory. The adjusting entry made at December 31, 2018 will include a Respo... nse: debit to Interest Expense for P1,470 Score: 2 out of 2 Yes [Show More]
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