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Here are the select options Question 4 4 pts For the next three questions (Questions 4 - 6), read the adjusting entry information and follow
Here are the select options
Question 4 4 pts For the next three questions (Questions 4 - 6), read the adjusting entry information and follow the instructions in each case. The following adjustments are recorded on 31 August 2021. Q4: Adjusting entry: On 1 February 2021, Design Thinking Pty Ltd obtained a three year bank loan of $90,000 at an annual interest rate of 3.5% p.a. Instructions: Record the adjusting entry for the year ending 31 August 2021 by selecting the correct accounts and amounts that are debited and credited. (4 marks) General Journal August 31. [ Select ] [ Select ] [ Select ] [ Select ] [Select] Select account/amount Cash Interest Receivable Supplies Prepaid Insurance Prepaid Rent Van Accumulated Depreciation Van Asset Land Interest Payable Wages Payable Loan Payable Contributed Capital Retained Earnings Repair Service Revenue Expense Interest Expense Rent Expense Wages Expense Interest revenue $900 $1,837.50 $3,150 $9,000Step by Step Solution
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