Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank actlvity In the company's checking account online. The activity

image text in transcribed After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank actlvity In the company's checking account online. The activity for the last three days follows. After matching these transactions to the company's Cash account in the general ledger, Johanna noted the following unrecorded transactions: 1. The ATM withdrawal on 9/22/201 was for personal use by the owner, Robert Savage. 2. The ACH credit on 9/22/201 was an electronlc funds payment recelved on account from Edwards UK, a credit customer located in Great Britaln. 3. The bill payment made 9/23/201 was to Waste Control Trash Services (utllitles). 4. The loan payment on 9/24/201 was an automatic debit by Central Motors for the company's monthly payment on a loan for its automobiles. The loan does not bear Interest. Prepare the journal entrles in a general journal to record the four transactlons above. (Round your answers to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Why do mergers and acquisitions have such an impact on employees?

Answered: 1 week ago

Question

2. Describe the functions of communication

Answered: 1 week ago