Journal Entries for the following:

#10 Received and paid the utility bill of $2,400. The company determined that $1,800 related

to the factory and $600 to selling and administrative activities.

Accounts Debit Credit

#11 Estimated property taxes for the month at $400. Allocate $250 to the factory and $150 to

selling and administrative activities.

Accounts Debit Credit

#12 Prepare the entry to accrue interest on the note to Smith Company on 12/31. 90-day, 5% note payable

Accounts Debit Credit