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1/15 Pay federal payroll taxes 1,150 1/21 Sell 15 t-shirts ($300) and 20 hats ($500) 800 Pay Spain Motorbus 1,000 1/22 Sell 40 7-day food
| 1/15 | Pay federal payroll taxes | 1,150 |
| 1/21 | Sell 15 t-shirts ($300) and 20 hats ($500) | 800 |
| Pay Spain Motorbus | 1,000 | |
| 1/22 | Sell 40 7-day food and wine tours in Spain. Payment required at time of purchase. (Tour start dates 2/11, 2/25, 3/4, and 3/18) | 180,000 |
| Make van loan payment (principal and interest) | 1,073 | |
| Receive small business loan from Silicon Valley Bank. Terms are 3% annual interest with principal and interest due in one year. | 30,000 |
PREPARE A JOURNAL ENTRY FOR 1/15, 1/21, 1/22
| DATE | ENTRIES | DR | CR |
| 1/15 | |||
| 1/21 | |||
| 1/22 |
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
8th Edition
0130861774, 9780130861771
