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4 years ago

What are the adjusting journal entries for each month (june, september, december, march)?

Business

1 answer:

san4es73 [151]4 years ago

8 0

Answer:

June 2019

Interest Expense $ 2,531.25 (debit)

Bank $ 2,531.25 (credit)

September 2019

Interest Expense $ 2,531.25 (debit)

Bank $ 2,531.25 (credit)

December 2019

Interest Expense $ 2,531.25 (debit)

Bank $ 2,531.25 (credit)

March 2020

Interest Expense $ 2,531.25 (debit)

Bank $ 2,531.25 (credit)

Explanation:

For each Month, Recognise an Expense - Interest and Also de-recognise the Asset - Cash as interest is being paid.

Interest Expense Calculation = 3/12×$225,000×4.5%

= $ 2,531.25

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2 years ago

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3 years ago

Read 2 more answers

Daniel had been earning $67 per hour and working 45 hours per week. Then Daniel's wage changes to $76 per hour, and as a re

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Answer:

Explanation:

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4 years ago

On January 1, 2014, Doone Corporation acquired 60 percent of the outstanding voting stock of Rockne Company for $312,000 conside

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Answer:

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3 years ago

How can a market be segmented using demographics?

tangare [24]

Here is a Answer to your question:

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