Question

ournal Zenith Consulting Co. has the following accounts in its ledger: Cash, Accounts Recevable: Supplies, Office Equipment, Accounts Payable, Common Stock Retained Earnings, Dividends; Fees Eamed, Rent Expense; Advertising Expense; Utities Expense; Miscellaneous Expense. Mar 1 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 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 Paid rent for the month, $2,200. for March 2018 in a two-column journal Refer to the Chart of Accounts for exact wording of account tites Next

Answer 1

Journal entries:

Date	Account titles	Debit($)	Credit($)
March.
01	Rent Expense	2200
	Cash		2200
03	Advertising Expense	550
	Cash		550
05	Supplies	1200
	Cash		1200
06	Office Equipment	9300
	Account Payable		9300
10	Cash	16950
	Account Receivable		16950
15	Account Payable	3500
	Cash		3500
27	Miscellaneous Expense	520
	Cash		520
30	Miscellaneous Expense	325
	Cash		325
31	Account Receivable	51040
	Fees Earned		51040
31	Utilities Expense	860
	Cash		860
31	Dividend	1500
	Cash		1500