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Date Account and Explanation Post Ref. Debit Credit Apr 1 Interest Expense 750 Apr 1 Interest Payable (sample journal entry) 750 GENERAL LEDGER Account: Interest

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Date Account and Explanation Post Ref. Debit Credit Apr 1 Interest Expense 750 Apr 1 Interest Payable (sample journal entry) 750 GENERAL LEDGER Account: Interest Expense Account No. 571 Date Description Ref. Debit Credit Balance Mar 31 | Balance 700 DR Apr 1 To Interest payable GJ 750 571 Apr 30 By balance c/d GJ 750 Apr To b/d GJ 4 750 Remember that a key outcome of this sample exercise is for you to learn how the bookmark functionality w

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