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Question: Record the enteries in their appropriate Journals And Ledgers

1 Issued Check No. 308 for $9,200 to pay ZNG Property Group for two month's worth of rent in advance.

1 Obtained a loan of $58,000 from EastPac Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2017 and the principal of the loan is to be repaid on June 1, 2021.

2 Handys Electronics paid the full amount owing on their account.

3 Made payment of $825 to Integer Energy for 3 months of electricity up to and including May 31, Check No. 309.

3 Issued Check No. 310 to Office Supplies Warehouse for the purchase of $409 worth of office supplies.

4 Paid sales staff wages of $13,379 for the week up to and including yesterday, Check No. 311. Note that $6,686 of this payment relates to the wages expense incurred during the last week of May.

6 Paid the full amount owing to Big Telco, Check No. 312.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M93073019

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