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After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the company's checking account online. The activity
After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the company's checking account online. The activity for the last three days follows. Additions $ 2,469.60 Business Checking Date Type 09/24/20X1 Loan payment 09/24/20X1 Deposit 09/23/20X1 Check 09/23/20X1 Bill payment 09/22/20X1 Check 09/22/20X1 Check 09/22/20X1 ACH credit 09/22/20X1 ATM Account #123456-987 Description Online Transfer to CM XXXX Deposit ID number 8888 Check #1554 (view) Online payment Check #1553 (view) Check #1551 (view) Edwards UK AP payment ATM withdrawal Payments Balance $5,500.00 $17,675.00 $23, 175.00 $5,500.00 $20,705.46 $ 56.05 $26, 205.46 $ 440.00 $26,261.51 $1,950.00 $26,701.51 $28,651.51 $ 440.00 $17,751.51 $10,900.00 After matching these transactions to the company's Cash account in the general ledger, Johanna noted the following unrecorded transactions: 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 9/22/20X1 was for personal use by the owner, Robert Savage. 2. The ACH credit on 9/22/20X1 was an electronic funds payment received on account from Edwards UK, a credit customer located in Great Britain. 3. The bill payment made 9/23/20X1 was to Waste Control Trash Services (utilities). 4. The loan payment on 9/24/20X1 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. Required: Prepare the journal entries in a general journal to record the four transactions above. Journal entry worksheet 1 2 3 4 > Record ATM withdrawal by Robert Savage for personal use. Note: Enter debits before credits Date General Journal Debit Credit Sept. 22, 20X1 Record entry Clear entry View general journal
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