Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Enter the following information into a manual journal with credits/debits: 27/09/2022 Received an electricity & gas bill for $9,400 from AusGas for the month of
Enter the following information into a manual journal with credits/debits:
27/09/2022 Received an electricity \& gas bill for $9,400 from AusGas for the month of September 2022 . The bill is due to be paid on the 15th October 2022. (Add a new account "Electricity Payable". Use "210" as the Account Code) 29/09/2022 Interest expense on the bank loan is accrued at $400 per month. The interest is paid to the bank quarterly and the first interest payment is due on the 1st October 2022. (Add a new account "Interest Payable". Use "235" as the Account Code) 30/09/2022 Depreciation on the Office Furniture is $2,400 per year. All assets are depreciated for a full month regardless of the date acquired. 30/09/2022 Recorded the rent expense for the month of September 2022. 30/09/2022 Salaries and wages of $5,100 are owed as at 30 September 2022 and will be paid on the 7th October 2022Step 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