Question
e 1 Issued Check No. 729 for $8,100 to pay Realty Bites for two month's worth of rent in advance. 1 Obtained a loan of
| e | |
| 1 | Issued Check No. 729 for $8,100 to pay Realty Bites for two month's worth of rent in advance. |
| 1 | Obtained a loan of $40,000 from EastPac Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2015 and the principal of the loan is to be repaid on June 1, 2019. |
| 3 | Paid the full amount owing to Pony, Check No. 730. |
| 4 | Paid sales staff wages of $13,216 for the week up to and including yesterday, Check No. 731. Note that $6,676 of this payment relates to the wages expense incurred during the last week of May. |
| 4 | Issued Check No. 732 to Office Supplies Warehouse for the purchase of $423 worth of office supplies. |
| 5 | Made payment of $914 to Enroff for 3 months of electricity up to and including May 31, Check No. 733. |
| 6 | Hypertronics paid the full amount owing on their account. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started