Can someone explain the math that Im doing wrong? On April 5 the possible account titles are Cash, Discount on Notes Payable, Notes Payable, and Purchases. On May 10, the possible account titles for the ones marked wrong are Accounts Payable, Cash, Discount on Notes Payable, and Notes Payable(old note). For the second one on May 10 marked wrong, possible AT are Accounts Payable, Interest Expense, Notes Payable(new note), and Notes Receivable. June 4th is the same as the previous for possible AT respectively. Lastly for July 19, that is the one Im most confused about. In terms of what Calculations Im supposed to do, Im completely lost. Also the incorrect AT possibilities for the 19th are Cash, Discount of Notes Payable, Notes Payable, and Notes Receivable.

1 of 3 Payable Entries Record the transactions in a general journal. required, enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank. 360 days in a year ilo Radio Shop had the following notes payable transactions: Apr 1 Borrowed $5,800 from Builder's Bank, signing a 90-day, 8% note. 5 Gave a $2,300, 60-day, 7% note to Breaker Parts Co. for purchase of merchandise. 10 Paid $600 cash and gave a $1,700, 30-day, 6% note to M. K. Reynolds in payment of an account payable. May 10 Paid 400 cash, plus interest, and issued a new 1,300, 30-day, 7% note to M. K. Reynolds. Borrowed $3,400 for 60 days from Builder's Bank on a non-interest-bearing note. The discount rate is Paid $400 cash, plus interest, to Breaker Parts Co. (see April 5) and gave a new $1,900, 30-day, 7% note to extend time for payment. une 4 9 Paid the principal and interest due on the $1,300 note to M. K. Reynolds. (See May 10.) 30 Paid the principal and interest due on the $5,800 note to Builder's Bank. (See April 1.) July 4 Paid the principal and interest due on the $1,900 note to Breaker Parts Co. (See June 4.) 19 Paid the $3,400 non-interest-bearing note to Builder's Bank. (See May 20.) General Journal 1. Record the transactions in a general journal. When required, enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank Assume 360 days in a year Page DOC. POST. DEBIT NO. REF DATE ACCOUNT TITLE CREDIT 1 20- Apr 1 Cash 5,800 5,800 2 Notes le/ Breaker Parts Co. 2.300 Notes Payable 2,300 7 10 /M. K. Reynolds 2,300 600 8 Cash Notes 1,700 10 10