1 2 3 4 Obtained a loan of $45,000 from BitiBank at a simple interest rate of 6% per year. The first interest payment is
Posted: Mon May 02, 2022 6:55 am
- 1 2 3 4 Obtained A Loan Of 45 000 From Bitibank At A Simple Interest Rate Of 6 Per Year The First Interest Payment Is 1 (138.71 KiB) Viewed 32 times
- 1 2 3 4 Obtained A Loan Of 45 000 From Bitibank At A Simple Interest Rate Of 6 Per Year The First Interest Payment Is 2 (153.38 KiB) Viewed 32 times
- 1 2 3 4 Obtained A Loan Of 45 000 From Bitibank At A Simple Interest Rate Of 6 Per Year The First Interest Payment Is 3 (198.77 KiB) Viewed 32 times
1 2 3 4 Obtained a loan of $45,000 from BitiBank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2022 and the principal of the loan is to be repaid on 1 Junte 2026. Purchased 5 Zii Game Consoles with cash for $110 each, Cheque No. 903. Paid the full amount owing to Pony, Cheque No. 904. Payment fell within discount period. Paid the full amount owing to Big Telco, Cheque No. 905. Payment fell within discount period. Sold 3 MX620 Notebook Computers to Handys Electronics for $460 each, Invoice No. 201. Purchased 9 Swish Phones from Mega Tech for $80 each, terms net 30. Made cash sales of $8,661 during the first 6 days of the month. Purchased 4 MX620 Notebook Computers from JCN Electrical for $370 each, terms 2/10, n/30. 4 6 6 7
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CASH RECEIPTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column la instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to these transactions into the Account column so that the type of transaction can be determined by the name Debit Date Post Credit Account Ref. Cash at Discount Bank Allowed Sales Accounts Other Revenue Receivable Accounts Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) CASH PAYMENTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labelle instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to ente these transactions into the Account column so that the type of transaction can be determined by the name of t Date Debit Account Cheque No. Credit Post Ref. Accounts Payable Purchases Other Accounts Cash at Discount Bank Received Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) Jun (select)