Question: Issued Check No . 4 8 9 for $ 9 , 5 0 0 to pay Barry White Real Estate for two month's worth of

Issued Check No.489 for $9,500 to pay Barry White Real Estate for two month's worth of rent in advance.1Obtained a loan of $46,000 from Earth Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2024 and the principal of the loan is to be repaid on June 1,2028.2The Locker Room paid the full amount owing on their account.4Paid sales staff wages of $1,753 for the week up to and including yesterday, Check No.490. Note that $1,183 of this payment relates to the wages expense incurred during the last week of May.4Issued Check No.491 to Office Supplies Warehouse for the purchase of $580 worth of office supplies.5Paid the full amount owing to Extreme Sports Inc, Check No.492.6Made payment of $812 to State Power for 3 months of electricity up to and including May 31, Check No.493.

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!