On October 1, 2022, the ledger of Whitewash Paint Company contains the following liability accounts:

Accounts Payable $29,000

Sales Tax Payable 13,500

Unearned Rental Revenue 20,000

Question

October 1 Borrowed $100,000 in cash from RG Bank by signing a 12-month, 7% note.

Record the journal entry to recognize the note on the books of Whitewash Paint.

Show the debit account AND amount in the first blank and the credit account AND amount in the second blank

Question 14 options:

Blank # 1
Blank # 2

Question

October 31, 2022 Paid state treasurer's department for all the sales tax collected as of October 1, 2022.

Show the debit account AND amount in the first blank and the credit account AND amount in the second blank

Question 15 options:

Blank # 1
Blank # 2

Question

October 31st Cash sales totaled $87,233, which included 8.2% sales tax.

Enter Debits first and put DR first before the debit account and debit amount. Example: "DR INTEREST EXPENSE $5,000"

Enter Credits after all debits have been entered. Put CR then credit account and credit amount. Example: "CR CASH $5,000"