Question 22 (6 points) Saved The following is list of accounts each represented by a letter. Accounts Payable B Accounts Receivable E Building F Cash G Cost of Goods Sold Federal Income Tax Withheld H Payable Federal Unemployment Taxes 1 Payable O P Q R S Payroll Tax Expense Retained Earnings Salaries and Wages Expense Sales Revenue Sales Taxes Payable C J FICA Taxes Payable K Interest Expense L Land M Merchandise Inventory N Notes Payable T Service Revenues State Income Tax Withheld Payable State Unemployment Taxes V Payable w Supplies Supplies Expense Y Unearned Service Revenue Z Utilities Expense C represents Credit and D represents Debit. Example: Example: Debit Supplies Cash 400 Credit 400 The answer to the above journal entry is: W400D,F400C - 1 Where W denotes Supplies account, 400 is the amount, D stands for debit, F denotes cash account, 400 is the amount, and C stands for credit. The letters are in capital. Comma is used to separate the changes in each account. Don't use dollar sign, decimal point, or space in any place. If in an entry requires more than one debit or credit accounts, first enter debit accounts (in order of dollar amount - large amount to small amount), then the credit accounts (in order of dollar amount - large amount to small amount). Provide journal entry for the following transaction: Paid $5,000 to bank for a loan. $4,000 of the $5,000 was for the payment of the principal of the loan (Notes Payable), and the rest was for interest