Question
Obtained a loan of $60,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the
Obtained a loan of $60,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2015 and the principal of the loan is to be repaid on 1 June 2019
Paid the full amount owing to UML records, Cheque No. 603. Payment fell within discount period
Sold 25 Fate's Offspring CDs to D-Funkt Records for $36 each, Invoice No. 201
Purchased 190 Karaoke Klassics 17 CDs with cash for $12 each, Cheque No. 604
Purchased 150 Sounds of Meerkats CDs from Toadstool records for $9 each, terms net 30
Purchased 120 Mandy Amp and the Thought Police CDs from Phin records for $15 each, terms 2/10, n/30.
Paid the full amount owing to Shadow records, Cheque No. 605. Payment fell within discount period.
Made cash sales of $6,839 during the first 4 days of the month
plz heelp me do entries for following:
sales journal
purchase journal
cash receipt journal
cash payment journal
general journal
susidary journal
general ledger
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