Question

Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 3 6 10 15 27 30 31 31 31 Paid rent for the month, $2,300. Paid advertising expense, $700. Paid cash for supplies, $1,250. Purchased office equipment on account, $9,600. Received cash from customers on account, $17,000. Paid creditors on account, $3,180. Paid cash for miscellaneous expenses, $560. Paid telephone bill (utility expense) for the month, $300. Fees earned and billed to customers for the month, $51,470. Paid electricity bill (utility expense) for the month, $810. Withdrew cash for personal use, $1,750. Journalize the above selected transactions for October 2019 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles.

Answer 1

Date	General Journal	Debit	Credit
Oct 1	Rent Expense	$2,300
	Cash		$2,300
Oct 3	Advertising Expense	$700
	Cash		$700
Oct 5	Supplies	$1,250
	Cash		$1,250
Oct 6	Office Equipment	$9,600
	Accounts Payable		$9,600
Oct 10	Cash	$17,000
	Accounts Receivable		$17,000
Oct 15	Accounts Payable	$3,180
	Cash		$3,180
Oct 27	Miscellaneous Expense	$560
	Cash		$560
Oct 30	Utilities Expense	$300
	Cash		$300
Oct 31	Accounts Receivable	$51,470
	Fees Earned		$51,470
Oct 31	Utilities Expense	$810
	Cash		$810
Oct 31	Jason, Drawing	$1,750
	Cash		$1,750