Question

Transactions Instructions Chart of Accounts Journal Instructions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Foes Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct 1 3 10 Paid rent for the month, $2,800. Paid advertising expense, $500. Paid cash for supplies, $1,300. Purchased office equipment on account, $9,500. Received cash from customers on account, $15,500. Paid creditors on account, $3,180. Paid cash for miscellaneous expenses, $570. Paid telephone bill (utility expense) for the month, $375. Fees earned and billed to customers for the month, $50,540. Paid electricity bill (utility expense) for the month, $840. Withdrew cash for personal use, $1,900. 30 31 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

General Journal Debit Credit Date Rent Expense Oct. 01 2,800 Cash 2,800 Advertising Expense Oct. 03 500 Cash 500 Supplies Oct. 05 1,300 Cash 1,300 Office Equipment Accounts Payable 9,500 Oct. 06 9,500 Oct. 10 Cash 15,500 Accounts Receivable 15,500 Accounts Payable 3,180 15 Cash 3,180 Miscellaneous Expense Oct. 27 570 Cash 570 Utilities Expense Oct. 30 375 Cash 375 Accounts Receivable Oct. 31 50,540 Fees Earned 50,540 Utilities Expense Oct. 31 840 Cash 840 Jason Payne, Drawing Oct. 31 1,900 Cash 1,900 %24 %24 %24 %24 %24 %24 %24 %24