(a) 3. Dr. Bank $30,000
Dr. Interest $1,800
Cr. Loan $30,000
Cr. Interest Payable $1,800
(a) 4. Dr. Bank $135,000 ($225 x 600)
Cr. Revenue $135,000
(a) 5. Dr. Salaries $153,000 ($9000 x 17 weeks)
Cr. Bank $153,000
(b) Dr. Interest Payable $750
Cr. Interest $750
Dr. Revenue $67500 ($225 x 600/12 x 4)
Cr. Prepayment $67500
Dr Account Receivable $600
Cr. Rental Income $600
Dr. Telephone Charges $1,125
Cr.Accrued Expense $1,125
(c) Dr. Interest Payable $1,050
Cr. Bank $1,050
Dr. Salaries $9,000
Cr. Bank $9,000
Dr. Bank $600
Cr. Account Receivable $600
Dr. Accrued Expense $1,125
Cr. Bank $1,125