AC116 TEXTBOOK EXERCISES TEMPLATE - UNIT 5-Joanna Aeschbacker

AC116 TEXTBOOK EXERCISES TEMPLATE - UNIT 5-Joanna Aeschbacker

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Problem 11-1A Name: Joanna Aeschbacker Section: 4 Enter the appropriate amount or account in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 1. JOURNAL Date Description Debit Credit Jan. 15 Merchandise Inventory ### 220,000 ### ### Accounts Payable ### ### 220,000 ### ### ### ### Feb. 14 Accounts Payable ### 220,000 ### ### Notes Payable ### ### 220,000 ### ### ### ### Apr. 14 Notes Payable ### 220,000 ### ### Interest Expense ### 2,200 ### ### Cash ### ### 222,200 ### ### ### ### June 2 Cash ### 187,500 ### ### Notes Payable ### ### 187,500 ### ### ### ### July 10 Tools ### 187,150 ### ### Interest Expense ### 2,850 ### ### Notes Payable ### ### 190,000 ### ### ### ### Aug. 1 Notes Payable ### 187,500 ### ### Interest Expense ### 2,500 ### ### Notes Payable ### ### 187,500 ### Cash ### ### 2,500 ### ### ### ### Sept. 30 Notes Payable ### 187,500 ### ### Interest Expense ### 3,125 ### ### Cash ### ### 190,625 ### ### ### ### Oct. 8 Notes Payable
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This note was uploaded on 08/15/2011 for the course ACCOUNTING 116 taught by Professor Angeladuck during the Spring '11 term at Kaplan University.

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AC116 TEXTBOOK EXERCISES TEMPLATE - UNIT 5-Joanna Aeschbacker

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