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What are the journal entries for these transactions? On April 30th, Veronica paid her loan for $4053.21, $464.11 of which was interest expense On May
What are the journal entries for these transactions?
On April 30th, Veronica paid her loan for $4053.21, $464.11 of which was interest expense |
On May 31st, Veronica paid her loan for $4053.21, $463.95 of which was interest expense |
On April 2nd, Veronica makes a big sale to Food Coop. They pay $15,092 up front (no invoice) and she deposits the check into her bank account |
Make the adjustment for prepaid insurance on June 30th |
Veronica reports that on June 30th, $6112 of cheese has yet to be shipped to Food Coop for the April 2nd sale to Food Coop. Make the unearned revenue adjustment |
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