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Q-6-6. Rock Castle Construction Accounting transactions resulting from processing purchasing and cash disbursement transactions...

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Question

Accounting

Q-6-6. Rock Castle Construction Accounting transactions resulting from processing

purchasing and cash disbursement transactions

For each of the following transactions, select the proper accounting entry

from the list provided.

e. The monthly payment to Bank of Anycity for its notes payable was

paid.

1. DR A/C #62400 Interest Expense

CR A/C # 10100 Checking

2. DR A/C #28700 Note Payable - Bank of Anycity

CR A/C #10100 Checking

3. DR A/C #62400 Interest Expense

DR A/C #28700 Note Payable, Bank of Anycity

CR A/C #10100 Checking

4. DR A/C #20000 Accounts Payable

CR A/C #10100 Checking

f. The invoice for accounting and tax services from Fay, Maureen Lynn,

CPA was received and paid for.

1. DR A/C #63600 Professional Fees

CR A/C #10100 Checking

2. DR A/C #10100 Checking

CR A/C #20000 Accounts Payable

3. DR A/C #54300 Job Expenses

CR A/C #10100 Checking

4. DR A/C #63600 Professional Fees

CR A/C #54300 Job Expenses

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