Ex 7-19

Using the data presented in Exercise 7-18, journalize the entry or entries that should be made by the company. Accompanying a hank statement for Santee Company is a credit memo for $15,120 representing the principal ($14,000) and interest ($1,120) on a note that had been by the bank The company had been notified by the bank at the time of the but had made no entries. Journalize the entry that should be made by the to bring the accounting records up to date. Using the data presented in Exercise 7-18, journalize the entry or entries that should be made by the company. Accompanying a hank statement for Santee Company is a credit memo for $15,120 representing the principal ($14,000) and interest ($1,120) on a note that had been by the bank The company had been notified by the bank at the time of the but had made no entries. Journalize the entry that should be made by the to bring the accounting records up to date