repare the entry to accrue the interest on June 30. (List all debit entries before credit entries. Credit account titles are automatically ndented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) Date Jun 30, 2022 Account Titles and Explanation exibook Interest Expense interest Payable eTextbook and Media Debit Credit Assistance Used

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 4.7C
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Swifty Hoadley and Melissa Quayle borrowed $18,400 on a 7-months, 9% bank loan from BMO Bank of Montreal to open their business, S M's Coffee House Inc. The money was borrowed on June 1, 2022, and the loan matures January 1, 2023. interest is due at maturity.
repare the entry to accrue the interest on June 30. (List all debit entries before credit entries. Credit account titles are automatically
Indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.)
Date
Jun 30, 2022
search
Account Titles and Explanation
Elextbook
Interest Expense
interest Payable
eTextbook and Media
List of Accounts
hp
Debit
Credit
Assistance Used
21°C Partly sunny
Transcribed Image Text:repare the entry to accrue the interest on June 30. (List all debit entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) Date Jun 30, 2022 search Account Titles and Explanation Elextbook Interest Expense interest Payable eTextbook and Media List of Accounts hp Debit Credit Assistance Used 21°C Partly sunny
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