Transactions Oct. 1 Paid rent for the month, $2,200. 4 Paid advertising expense, $550. 5 Paid cash for supplies, $1,200. 6 Purchased office equipment on account, $9,300. 12 Received cash from customers on account, $16,950. 20 Paid creditor on account, $3,500. 27 Paid cash for miscellaneous expenses, $520. 30 Paid telephone bill for the month, $325. 31 Fees earned and billed to customers for the month, $51,040. 31 Paid electricity bill for the month, $860. 31 Paid dividends, $1,500. Journalize the preceding selected transactions for October 20Y2 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles.

Transactions Oct. 1 Paid rent for the month, $2,200. 4 Paid advertising expense, $550. 5 Paid cash for supplies, $1,200. 6 Purchased office equipment on account, $9,300. 12 Received cash from customers on account, $16,950. 20 Paid creditor on account, $3,500. 27 Paid cash for miscellaneous expenses, $520. 30 Paid telephone bill for the month, $325. 31 Fees earned and billed to customers for the month, $51,040. 31 Paid electricity bill for the month, $860. 31 Paid dividends, $1,500. Journalize the preceding selected transactions for October 20Y2 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles.

Name: ASSETSREVENUE11 Cash41 Fees Earned12 Accounts Receivable13 SuppliesEX
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Description: ASSETSREVENUE11 Cash41 Fees Earned12 Accounts Receivable13 SuppliesEXPENSES14 Office Equipment51 Rent Expense52 Advertising ExpenseLIABILITIES53 Utilities Expense21 Accounts Payable54 Miscellaneous ExpenseEQUITY31 Common Stock32 Retained Earnings33

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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