Question
record this transfer: $1,000; from TD Operating Account to TD Savings; 08/07/2026 Choose + New Other Bank Deposit and record this deposit to TD Operating
- record this transfer: $1,000; from TD Operating Account to TD Savings; 08/07/2026
- Choose+ NewOtherBank Depositand record this deposit to TD Operating Account under Add funds: $5,000; Bank loans; 08/07/2026 (Account Type: Long-term Liabilities); amounts are Out of Scope of Tax
Use the recurring transaction for the loan payment transfer to post July's transfer.
2.Record cheque #10025 for prepaid rent expense to We Work Space for the period of July to December 2026, dated July 1, 2026, in the amount of $3,300 plus HST.
3.Record a journal entry dated July 31, 2026, to allocate the July portion of the rent to theRent or lease payments expense account and make it recurring for the next five months toDecember 31, 2026.
4.Receive payment via e-transfer (add a new payment method) from H2H for six weeks
of their weekly flowers; $1,220.40 goes directly into the TD Operating Accounting on
June 23, 2026.
5.Post the weekly invoices for H2H for all of June and July 2026, starting date June 5, 2026use your recurring transaction.
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