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journal entry required cam ded December 31, 2021 the following arvsactions occurred Transaction July 1 Borrowed $30.000 from the bank at an interest rate o

journal entry required
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cam ded December 31, 2021 the following arvsactions occurred Transaction July 1 Borrowed $30.000 from the bank at an interest rate o 4.16 3 years only payments required every twelve-months July 2 Found office space to rent Agreed a one-year lease sung July 1.2020 at a cost of $2,000 a month. Pequired to pay for the most July 3 Purchased equipment for $10.000. The equipment is to be deprecated on a straight-line basis over 3 years and is expected to have a residual value of $1.000. Pald $4.000 cash and signed a note payable for the remaining amount. The note carries interest at a rate of 10%. The note and the are payable on October 31, 2021. July 15 Received $9,000 cash for bookkeeping services to be provided equally ench month for the period August 1.2021 to July 1.2022 August 15 Issued an invoice for $5,000 for Consulting services provided during Augusto a client facing bankruptcy Terms are 2115, net 30. CMWI assumes that any outstanding balances at the end of the year will be uncollectable August 28 Received hall the amount owing from August 15 Indice October 31 Pay principal and interest on note payable December 3 Received a notice saying that the client from August 15 transaction has declared bankruptcy and will not be making any further payments. Wrote-on the outstanding amount owed by the client December 10 Issued an invoice for $10,000 for consulting services provided during December to a client expanding operations. Terms are 2/15, net 30. CHWI assumes that 5% of any outstanding balances at the end of the year will be uncollectable Required Prepare all journal entries necessary to record the above transactions and any necessary December 31 year-end adjusting entries. You do not need to provide closing entries. Use only the account names provided. Ignore income and sales taxes. Clearly label whether the number is being debited of credited by putting dr or cr in front of your number. MacBook Air

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