LUS Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 RCES 4. Every Wednesday, the total payroll is $4,440 for salaries earned during the previous workweek (Monday-Friday). Salaries were last paid on 5. Last Planet Theatre rents the theatre to a local children's choir, which uses the space for rehearsals twice a week at a rate of $935 per mon balance owing from December. At this time, the January rent was also paid. 6. On June 1, 2021, the theatre borrowed $25,200 from its bank at an annual interest rate of 5.0%. The principal and interest are to be repaid 7. Upon reviewing its accounting records on December 31, 2021, the theatre noted that the telephone bill for the month of December had not Prepare the journal entries to record the 2021 transactions for items 1 through 6. (Credit account ttles are automatically indented when No. Date Account Titles and Explanation Debit Credit 1. 2. Study 3. July 4. e e 6. Prepare the year-end adjusting entry for Items 1 through 7. (Credit account titles are automatically indented when amount is entered. Do not No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2 Dec. 31 3. Dec. 31 4. Dec. 31 5. Dec. 31 6. Dec. 31 2 Dec 31 Prepare the journal entries to record: 1. the payment of wages on Wednesday, January 5 (bem 4). 2. the receipt of the cheque from the choren's choir on January 10 items 3. the payment of the telephone bill on January 12 (item ) 4. the payment of the note and interest on May 30, 2012 ter 6) (Cred accounts are automatically indented when amount is entered. Do not intentary found answer to the neare whole Account Title Explanation Den Credit Dec. 31 Dec. 31 Dec. 31 5. Dec. 31 7. Dec. 31 Prepare the journal entries to record: 1. the payment of wages on Wednesday, January 5 (item 4). 2. the receipt of the cheque from the children's choir on January 10 (item 5). 3. the payment of the telephone bill on January 12 (item 7). 4. the payment of the note and interest on May 30, 2022 (item 6). (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whe No. Date Account Titles and Explanation Debit Credit 1. 2. 3. e 4 May 30 LUS Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 RCES 4. Every Wednesday, the total payroll is $4,440 for salaries earned during the previous workweek (Monday-Friday). Salaries were last paid on 5. Last Planet Theatre rents the theatre to a local children's choir, which uses the space for rehearsals twice a week at a rate of $935 per mon balance owing from December. At this time, the January rent was also paid. 6. On June 1, 2021, the theatre borrowed $25,200 from its bank at an annual interest rate of 5.0%. The principal and interest are to be repaid 7. Upon reviewing its accounting records on December 31, 2021, the theatre noted that the telephone bill for the month of December had not Prepare the journal entries to record the 2021 transactions for items 1 through 6. (Credit account ttles are automatically indented when No. Date Account Titles and Explanation Debit Credit 1. 2. Study 3. July 4. e e 6. Prepare the year-end adjusting entry for Items 1 through 7. (Credit account titles are automatically indented when amount is entered. Do not No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2 Dec. 31 3. Dec. 31 4. Dec. 31 5. Dec. 31 6. Dec. 31 2 Dec 31 Prepare the journal entries to record: 1. the payment of wages on Wednesday, January 5 (bem 4). 2. the receipt of the cheque from the choren's choir on January 10 items 3. the payment of the telephone bill on January 12 (item ) 4. the payment of the note and interest on May 30, 2012 ter 6) (Cred accounts are automatically indented when amount is entered. Do not intentary found answer to the neare whole Account Title Explanation Den Credit Dec. 31 Dec. 31 Dec. 31 5. Dec. 31 7. Dec. 31 Prepare the journal entries to record: 1. the payment of wages on Wednesday, January 5 (item 4). 2. the receipt of the cheque from the children's choir on January 10 (item 5). 3. the payment of the telephone bill on January 12 (item 7). 4. the payment of the note and interest on May 30, 2022 (item 6). (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whe No. Date Account Titles and Explanation Debit Credit 1. 2. 3. e 4 May 30
