Riche Bank agrees to lend $ 38,000 on August 1, 2019, if Brown Co. signs at $ 38,000, 8.75%,

six-month note maturing on February 1.

Prepare the adjusting entry on December 31, assuming monthly adjusting entries have not been made.

Riche Bank agreed on August 1, 2019, to lend $ 38,000 to Brown Co. if it signs a note with a six-month expiration date, at 8.75% interest, with a February 1 expiration date.

Prepare the adjustment entry that corresponds to December 31, assuming that the monthly adjustment entries were not made

Salada Inc. sold merchandise for cash totaling $ 16,400, which includes 6.5% sales taxes.

Journalize Salada Inc. transaction. (Record the transaction journal entry)

Salada Inc. sold merchandise for a total of $ 16,400, which includes 6.5% sales tax.

Prepare the required entry for the transaction (Make the wage entry to acknowledge the sale).

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Interest Expense-debit 1,385.42 Interest Expense-credit 1,385.42 Interest payable-debit 1,385.42 Interest payable-credit 1,385.42 Interest Expense-debit 1,108.33 O Interest Expense-debit 1,662.50 Interest payable-credit 1,108.33 Interest payable-credit 1,662.50 Interest Expense-credit 1,108.33 Interest Expense-credit 1,662.50 Interest payable-debit 1,108.33 O Interest payable-debit 1,662.50 Cash-debit 16,400 Cash-credit 16,400 Sales taxes payable-credit 1,000.94 Sales taxes payable-debit 1,000.94 Sales taxes payable-credit 994.39 Sales taxes payable-debit 994.39 Sales taxes payable-credit 1,007.47 Sales taxes payable-debit 1,007.47 Sales revenue-credit 15,399.06 Sales revenue-credit 15,405.61 Sales revenue-credit 15,392.53 Sales revenue-debit 15,399.06 Sales revenue-debit 15,405.61 Sales revenue-debit 15,392.53