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	Paid rent for the month, $2,200.
	3	Paid advertising expense, $550.
	5	Paid cash for supplies, $1,200.
	6	Purchased office equipment on account, $9,300.
	10	Received cash from customers on account, $16,950.
	15	Paid creditors on account, $3,000.
	27	Paid cash for miscellaneous expenses, $520.
	30	Paid telephone bill (utility expense) for the month, $325.
	31	Fees earned and billed to customers for the month, $51,040.
	31	Paid electricity bill (utility expense) for the month, $860.
	31	Withdrew cash for personal use, $1,500.

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.

CHART OF ACCOUNTSConcrete Consulting Co.General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Supplies
14	Office Equipment

	LIABILITIES
21	Accounts Payable

	EQUITY
31	Jason Payne, Capital
32	Jason Payne, Drawing

	REVENUE
41	Fees Earned

	EXPENSES
51	Rent Expense
52	Advertising Expense
53	Utilities Expense
54	Miscellaneous Expense

Answer 1

Credit Debit $ 2,200 Date General Journal Oct. 1.2019 Rent Expense Cash To record rent Expenses) S 2.200 S 550 Oct. 3.2019 Advertising Expense Cash (To record advertising expenses) S 550 Oct. 5,2019 $ 1,200 Supplies Cash (To record payment of supplies) $ 1.200 $ 9,300 Oct. 6,2019 Office Equipment Accounts Payable (To record purchase of office equipment) $ 9,300 $ 16,950 Oct. 10,2019 Cash Accounts Receivables (To record receipt of cash from customers) $16.950

$ 3.000 Oct. 15,2019 Accounts Payable Cash (To record payment to creditors) $ 3,000 $ 520 Oct 27,2019 Miscellaneous Expense Cash (To record miscellenious expenses) $ 520 $ 325 Oct. 30,2019 Utilities Expense Cash (to record payment of telephone bill) $ 325 $51,040 Oct. 31.2019 Accounts Receivable Fees Earned (To record fees earned) $ 51,040 S 860 Oct. 31,2019 Utilities Expense Cash (To record payment of electricity bill) S 860 $ 1.500 Oct 31,2019 Jason Payne, Drawing Cash (To record withdraw of cash) $ 1.500