WHAT WILL BE THE JOURNAL ENTRIES IN QUICKBOOKS (2018) VERSION:

1. The $4, 500 of one-year Term Loan is for the period of February 1, 2017 to January 31, 2018, and the annual interest rate is 8%. Record the monthly interest and principal repayment from Chequing Account for February 2017
2. Recorded the February month end depreciation on the Furniture and Equipment of $2400.00 /year, and depreciation of $1,080.00/year on the Vehicles.
3. Enter a credit card purchase from Your Name Supply (add a new customer, your actual name) for Office Supplies of $85 pre-tax plus HST on the RBC Visa Payable card