Homework Answers
Annual reporting January 1 to December 31
| No | General Journal | Debit | Credit |
| 1 | Interest expense | 5110 | |
| Interest payable | 5110 | ||
| (to record interest accrued) | |||
| 61,320*10%*10/12 | |||
| 2 | Utilities expense | 470 | |
| Utilities payable | 470 | ||
| (to record utilities incurred) |
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