The mortgage contract provides for a monthly payment of $1000 plus accrued interest. The June payment was not made. Interest of $280 is accrued on the mortgage...


Please help...

Debit Interest Expense for 280
Credit Interest Payable for 280

Thanks so I just ignored the mortgage $1000??

Yes, the mortgage of 1,000 is already listed as Mortgage Payable and is not affected until the payment is made.

Thank you, could u please help me with another question..

Paid the electricity expense of $8600, previously recorded...

Debit Electricity Payable or Accounts Payable for 8,600 (it depends on how the original entry was recorded)
Credit Cash for 8,600

Thanks so much for your help!