Question
The financial year for Blue Cleaning Services ends on 30 June. The following information is available on 30 June 2018: 1)On 15/1/2018, Blue Cleaning Services
The financial year for Blue Cleaning Services ends on 30 June. The following information is available on 30 June 2018:
1)On 15/1/2018, Blue Cleaning Services borrowed $12,000 from ANZ at 10% interest. The principal and interest are payable on 15 August 2018.
Filled in the correct accounts in the necessary adjusting entries at year-end below:
Dr.Answerexpense
$550
Cr.Answerpayable
$550
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
