Question
Memo #4 Dated September (20)/(20) 31 From Fischer: Deposited $18500 from Cash on Hand (receipts from sales) to Bank: Love It Again. Bank Debit
Memo #4\ Dated September
(20)/(20)
\ 31\ From Fischer: Deposited
$18500
from Cash on Hand (receipts from sales) to Bank: Love It Again.\ Bank Debit Memo #HB-10921\ Dated September 29/25\ From Heartfelt Bank, withdraw
$14200
from chequing account to repay loan for
$14000
plus
$200
interest. Create new Group account 5100 Interest Expense.\ Bank Debit Memo #HB-10998\ From Heartfelt Bank,
$45.50
in bank charges for cheques and statement preparation.\ Adjusting Closing Entries\ Two source document entries - adjustments for the remaining supplies - provide the details for these year-end adjustments for Love It Again. For other businesses, adjusting entries include depreciation entries, inventory adjustments, adjustments for prepaid ovnenses that have expired, accrued wages and so on. Most adjusting entries do not
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