Received a $730 utility bill for electricity usage in July to be
paid in August.
Owed wages to 10 employees who worked three days at
$230 each per day at the end of July. The company will pay
employees at the end of the first week of August.
On July 1, loaned money to an employee who agreed to
repay the loan in one year along with $1,980 for one full year
of interest. No interest has been recorded yet.
Journal entry worksheet
< 1 2 3
Record the loaned money on July 1, to an employee who agreed to repay the
loan in one year along with $1,980 for one full year of interest. (No interest
has been recorded yet.)
Note: Enter debits before credits.
Transaction
C.
General Journal
Debit
Credit
Record entry
Clear entry
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References eBook & Resources
General Journal Difficulty: 2 Medium Learning Objective: 04-02 Prepare at
the end of the period.