Homework Answers
Following journal entry will be made to record various expenses :
Journal
|
Date |
Account Title and Explanation |
Debit |
Credit |
| Transaction 5 | Wages expense | 1,125 | |
| rent expense | 950 | ||
| Utilities expense | 450 | ||
| Interest expense | 100 | ||
| Miscellaneous expense | 275 | ||
| Cash | 2,900 | ||
| (To record payment of various expenses) |
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