1) The one-year store insurance policy was purchased last October 1, 2021 for an annual premium of P120,000   journal entry on oct 1m 2021, and and if there adjusting entry at the end of dec

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1) The one-year store insurance policy was purchased last October 1, 2021 for an annual premium of P120,000

 

journal entry on oct 1m 2021, and and if there adjusting entry at the end of dec. kindly do the entry.

 

2. The investment in the bonds of Manda Company was acquired on April 1, 2022 with a face amount of P4,000,000, for P3,766,720. The bonds mature on April 1, 2026 and pays 12% interest annually on April 1 with a 14% effective yield. .......The investment is to be held as financial asset at amortized cost.

 

is there an entry needed at the end of dec, 2022? like accruals (accrued interest inc) or nah

 

3. What is the entry to recognition of changes in fair values and provision of doubtful acct