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31 August 2021 Q4: Adjusting entry: On 1 February 2021, Design Thinking Pty Ltd obtained a three year bank loan of $90,000 at an annual

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31 August 2021 Q4: Adjusting entry: On 1 February 2021, Design Thinking Pty Ltd obtained a three year bank loan of $90,000 at an annual interest rate of 3.5% p.a. Instructions: Record the adjusting entry for the year ending 31 August 2021 by selecting the correct accounts and amounts that are debited and credited. (4 marks) General Journal August 31. Select Select 1 [Select Select Question 5 4 pts Instructions: Record the adjusting entry for the year ending 31 August accounts and amounts that are debited and credited. (4 marks) General Journal Augus [Select ] Select] 31. Select accountamount Cash Interest Receivable Supplies Prepaid Insurance Prepaid Rent Van Accumulated Depreciation Van Ques Asset Land Accounts Payable Interest Payable Q5 Loan Payable Adjust Contributed Capital al year (August 31, 2021), Design T used Retained Earnings sinally recorded as an asset. The insu $14.00 Repair Service Revenue D MacBook Pro G Search or type URL $90,00 Cash Interest Receivable Instruc for the year ending 31 Supplies nd credited. (4 marks) accour Prepaid Insurance Gene Prepaid Rent Van Augus Accumulated Depreciation Van Select) 31 Asset Land Accounts Payable Interest Payable Loan Payable Contributed Capital Retained Earnings Repair Service Revenue Expense Ques Depreciation Expense Interest Expense Wages Expense Q5 Interest revenue $1,000 Adjust $1,837,50 al year (August 31, 2021), used $3,150 inally recorded as an asset. $14.00 $9,000 MacBook

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