Month End Journal Entries

$1.$The following journal entries are to be made on August $31,2026.$

The bank notifies you that the following debit memorandums were received from the bank. Total bank service charges $$89\mathrm{.}25$ and loan interest $$510\mathrm{.}27.$ Setup Interest expense.

$2.$The current ending inventory as counted showed the following. Record the proper inventory entries to adjust. Review page $482$ to $484.3.$ lease payment deducted from bnnk account for copier. Consists of $$50$ for the lease, HST $$6\mathrm{.}5$ for a total of $$56\mathrm{.}50.$ Record the apllicable expense to office supplies expense, $)$ sage assignments