3 and 4 go together but the fourth one I got partially wrong. same for 5 and 6 a
ID: 2395691 • Letter: 3
Question
3 and 4 go together but the fourth one I got partially wrong. same for 5 and 6 and the 6th is partially wrong?
The subsequent entry during May to record payment of the accrued expenses View transaction ist Journal entry worksheet 4 A $900,000 note payable requires 12% annual interest, or $9,000, to be paid at the 20th day of each month. The interest was last paid on April 20 and the next payment is due on May 20. As of Apnl 30, $3,000 of interest expense has accrued. Prepare the required adjusting entry, if any Note: Enter debits before credits Date General Journal Credit Apr 30 Interest expense 3,000 Interest payable 3,000 Record entry Clear entry View general journalExplanation / Answer
3.
Interest expense A/c Dr. $3000
To interest payable A/c $3000
(Interest accrued)
4.
Interest Payable A/c Dr. $ 3000
To Cash A/c $3000
(Accured interest paid)
5.
Salary expense A/c Dr. $4000
To salary payable a/c $4000
(Salary payable)
6.
Salary payable A/c Dr. $4000
To cash A/c $4000
(Salary paid)
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