Question
1) While performing the next months bank reconciliation the bank statement showed collection of a $7,000, 3.5%, 6 month, Note Receivable. The bank statement showed
1) While performing the next months bank reconciliation the bank statement showed collection of a $7,000, 3.5%, 6 month, Note Receivable. The bank statement showed collection of the N/R plus interest which had not previously been accrued.
2). Sold $2,750,000 of convertible bonds at 98.6
3)Sold goods for $850.20, which includes 9% sales tax, receiving payment immediately. The goods were carried in inventory at a cost of $680.
4) While performing a bank reconciliation for the month you note that the bank statement shows $25 of interest income and $15 of bank fees
5)Paid the landlord with a single check for a total of $550, which includes $50 of utilities expense, $40 of Telephone expense, and $460 for rent expense. Our general ledger is set up to account for each expense item separately.
6) Sold used equipment on account receiving an 8%, 12 month Note Receivable which a face amount of $5,000. The equipment original cost $12,000 and was 40% depreciated.
Write the journal entries. please and thank youu
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