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I need help on how to post these transactions. which accounts are involved? Answer requirement 3: (21 points) Analyze and record the following transactions on
I need help on how to post these transactions. which accounts are involved?
Answer requirement 3: (21 points) Analyze and record the following transactions on the Accounting Worksheet. Submit accounting worksheets with your answer documents. (1) On the last date of January, the company accrued interest receivable of 300 euros. The interest receivable is from a non-core business transaction and is classified as one of the other revenue items. (2) On the last date of January, record interest payment of the 200,000 Euros bank loan for the first month. Note that APR (Annual Percentage Rate) is 7.5%. (3) On the last date of January, record the Building Depreciation for the first month. (4) On the last date of January, record the Machinery and Equipment Depreciation for the first month. (5) On the last date of January, record the payment of monthly direct labor expenses 80,000 Euros for the first month. (6) On the last date of January, record the payment of monthly SG&A expense of 10,000 Euros for the first month. (7) On the last date of January, record the payment of monthly overhead expenses 8,400 Euros for the first month. counting worksheets record the above seven transactions in Step by Step Solution
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