After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity
Question:
After matching these transactions to the company's Cash account in the general ledger, Johanna noted the following unrecorded transactions:
1. The ATM withdrawal on 9/22/2019 was for personal use by the owner, Robert Savage.
2. The ACH credit on 9/22/2019 was an electronic funds payment received on account from
Edwards UK, a credit customer located in Great Britain.
3. The bill payment made 9/23/2019 was to Waste Control Trash Services (utilities).
4. The loan payment on 9/24/2019 was an automatic debit by Central Motors for the company's monthly payment on a loan for its automobiles. The loan does not bear interest. Prepare the journal entries in a general journal to record the four transactions above. Use 21 as the page number.
Step by Step Answer:
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina