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The annual interest rate on the mortgage payable was 7.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability \begin{tabular}{l} 29. month should be compor \\ incurred on June 16. \\ \hline Record a journat entry \end{tabular} \begin{tabular}{|r|r|l|l|r|r|} \hline Jun 30 & 1120 & Accounts Receivable & Revenues & 9.100.00 & \\ \hline Jun 30 & 4100 & Computer \& Consulting & Revenues & & 9,100.00 \\ \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|} \hline Jun 30 & 5090 & lnterest Expense & Royce Computers & & \\ \hline Jun 30 & 2103 & Interest Payable & Royce Computers & & \\ \hline & & & & & \\ \hline \end{tabular} The annual interest rate on the mortgage payable was 7.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability \begin{tabular}{l} 29. month should be compor \\ incurred on June 16. \\ \hline Record a journat entry \end{tabular} \begin{tabular}{|r|r|l|l|r|r|} \hline Jun 30 & 1120 & Accounts Receivable & Revenues & 9.100.00 & \\ \hline Jun 30 & 4100 & Computer \& Consulting & Revenues & & 9,100.00 \\ \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|} \hline Jun 30 & 5090 & lnterest Expense & Royce Computers & & \\ \hline Jun 30 & 2103 & Interest Payable & Royce Computers & & \\ \hline & & & & & \\ \hline \end{tabular}
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