Bank Debit Memo #911431 Date feb 28,2020
From Red River Credit Union, authorized withdrawals were made from the chequing account on our behalf for the following
Bank service changes $65
Mortgage interest payment $1880
Mortgage principal reduction $220
Bank loan interest payment $420
Bank loan principle reduction $480
can you please help me with these entries thanks!
Solved 1 Answer
See More Answers for FREE
Enhance your learning with StudyX
Receive support from our dedicated community users and experts
See up to 20 answers per week for free
Experience reliable customer service
Date Account Titles and Explanation Debit Credit Feb. 28, 2020 Bank Service Charges $65      Cash $65 (To record bak service charges) Feb. 28, 2020 Interest Expense $1,880 Mortgage Payable $220      Cash $2,100 (To record interest & principal amount of mortage loan) Feb. 28, 2020 Interest Expense $420 Bank Loan Payable $480      Cash $900 (To record interest & principal amount of Bank loan payable) ...