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Exercise 9.8 (Algo) Journalizing electronic transactions. LO 9-7 After returning from a three day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank
Exercise 9.8 (Algo) Journalizing electronic transactions. LO 9-7 After returning from a three day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the company's checking account online. The actlivity for the last three days follows. After matching these transactions to the company's Cash account in the general ledger, Johanna noted the following unrecorded transactions: 1. The ATM withdrawat on 9/22/201 was for personal use by the owner, Robert Savage. 2. The ACH credit on 9/22/201 was an electronic funds payment received on account from Edwards UK, a credit customer located in Great Britain. 3. The bill payment made 9/23/201 was to Waste Control Trash Services (utilities). 4. The loan payment on 9/24/20X1 was an automatic debit by Central Motors for the company's monthly payment on a loan for its automobiles. The loan does not bear interest
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