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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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