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3 and 4 go together but the fourth one I got partially wrong. same for 5 and 6 a

ID: 2395691 • Letter: 3

Question

3 and 4 go together but the fourth one I got partially wrong. same for 5 and 6 and the 6th is partially wrong?

The subsequent entry during May to record payment of the accrued expenses View transaction ist Journal entry worksheet 4 A $900,000 note payable requires 12% annual interest, or $9,000, to be paid at the 20th day of each month. The interest was last paid on April 20 and the next payment is due on May 20. As of Apnl 30, $3,000 of interest expense has accrued. Prepare the required adjusting entry, if any Note: Enter debits before credits Date General Journal Credit Apr 30 Interest expense 3,000 Interest payable 3,000 Record entry Clear entry View general journal

Explanation / Answer

3.

Interest expense A/c   Dr.       $3000

      To interest payable A/c                  $3000

(Interest accrued)

4.

Interest Payable A/c Dr.    $ 3000

     To Cash A/c                            $3000

(Accured interest paid)

5.

Salary expense A/c Dr.    $4000

    To salary payable a/c               $4000

(Salary payable)

6.

Salary payable A/c    Dr.        $4000

      To cash A/c                                   $4000

(Salary paid)