Homework Answers
Answer
- The journal entry to record ‘Purchase of additional supplies’ on May 31 will be
|
Date |
Accounts title |
Debit |
Credit |
|
31-May |
Supplies |
$3,135 |
|
|
Cash |
$3,135 |
||
|
(to record cash paid for purchasing supplies) |
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Prepare the journal entry to record the accrual of interest on
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