Question: answer it plz Complete the journal entry for the following transaction by entering the missing words. April 30: Paid $40 of interest on the bank

answer it plz

Complete the journal entry for the following transaction by entering the missing words. April 30: Paid $40 of interest on the bank loan obtained on April 3. Debit Expense Account $40 Credit Account $40

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

answer it plz. Complete the journal entry for the following transaction by entering the missing words. April 30: Paid $40 of interest on the bank loan obtained on April 3. Debit Expense Account $40...

answer it plz Complete the journal entry for the following transaction by entering the missing word/s: April 3. Obtained a bank loan for $6,900 by issuing notes payable. Debit Account $6,900 Credit...

answer it plz. Complete the journal entry for the following transaction by entering the missing word/s: April 3. Obtained a bank loan for $6,900 by issuing notes payable. Debit Account $6,900 Credit...

answer it plz Complete the journal entry for the following transaction by entering the missing word/s: April 2. Paid $1,500 cash for April office rent. Debit Expense Account $1,5p0 Credit Account...

answer it plz Complete the journal entry for the following transaction by entering the missing word/s: April 18. Paid the amount due for the advertising from April 8. Debit Account $1,700 Credit...

answer it plz. Complete the journal entry for the following transaction by entering the missing word/s: April 18. Paid the amount due for the advertising from April 8. Debit Account $1,700 Credit...

answer it plz. Complete the journal entry for the following transaction by entering the missing word/s: April 2. Paid $1,500 cash for April office rent. Debit Expense Account $1,5p0 Credit Account...

answer it plz Complete the journal entry for the following transaction by entering the missing words. April 20. Paid employees' salaries of $6,400. Debit Expense Account $6,400 Credit Account $6,400...

answer it plz. Complete the journal entry for the following transaction by entering the missing word/s: April 4. Paid $5,200 cash to acquire equipment. Debit Account $5,200 Credit Account $5,200...

answer it plz Complete the journal entry for the following transaction by entering the missing words. April 29. Paid the Utility bill of $500, telephone bill of $800, internet bill of $400 and...

A phone company charges $0.39 per minute for the first 10 minutes of a long-distance phone call and $0.12 per minute every minute after that. Find the cost function C(x) as a function of length x of...

A cellphone provider has the business objective of wanting to estimate the proportion of subscribers who would upgrade to a new cellphone with improved features if it were made available at a...

A . The statement of cash flows is prepared from the translated comparative balance sheet and income statement. B . All line items on the statement of cash flows are translated at the current...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....