Question
Create journal entries 1. 22-Apr: Received debit memo, dated today, from the bank, indicating a $215.00 payment was made on the bank loan that includes
Create journal entries
1. 22-Apr: Received debit memo, dated today, from the bank, indicating a $215.00 payment was made on the bank loan that includes interest of $76.44. The loan was received on March 22.
2. 24-Apr: Mrs. Chikowski decided to invest an additional $2,000.00 in the business, as she is going to purchase a new photo machine from another business. She is transferring $2,000.00 from her personal bank account to the company's bank account and asked you to record the investment.
3. 25-Apr: Mrs. Chikowski advised you that she decided to increase the investment in the business to $3,000.00, when she was at the bank (April 24). She gave you the $3,000 bank transfer document.
4. 30-Apr: You received a Bank Statement with a Debit memo dated April 29, 2024 from the bank advising that they have deducted $22.46 from your bank account for service charges.
Iist of account name:
Bank Account Bank Credit Card Accounts Receivable Inventory Prepaid Expenses Photo Equipment Accun Deprec-Photo Equipment Office Equipment Accum Deprec-Office Equipment Accounts Payable Bank Loan Payable (Long Term) Capital Terrie Chikowski Additional Investment T. Chikowski Drawings Terrie Chikowski Sales Sales Returns Sales Discounts Purchase Discounts Bank Charges Expense Office Supplies Expense Telephone Expense Rent Expense Wages/Salaries Expense Repairs & Maintenance Expense Advertising Expense Depreciation ExpenseStep by Step Solution
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