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Transactions Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equ
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Answer #1

Journal Entries :

Date Particulars Amount (Debit) Amount (Credit)
October 1

Rent A/c

To Cash A/c

(Being rent paid)

 $4,800

$ 4,800
October 3

Advertisements A/c

To Cash A/c

(Being advertisements expense paid)

 $2,500

$2,500
October 5

Supplies A/c   

To Cash A/c

(Being cash paid to suppliers)

 $1,390

$1,390
October 6

Office Equipment

To Cash A/c

(Being office equipment purchased)

 $10,670

$10,670
October 10

Cash A/c

To Debtors A/c

(Being cash received from debtors)

 $19,730

$19,730
October 15

Creditors A/c

To Cash A/c

(Being Cash paid to Creditors)

 $9,480

$9,480
October 27

Miscellaneous Expenses A/c

To Cash A/c

(Being Miscellaneous Expenses paid)

 $530

$530
October 30

Utility Expenses A/c

To Cash A/c

(Being utility expense paid)

 $220

$220
October 31

Cash A/c

To Fees A/c

(Being fee received)

 $38,620

$38,620
October 31

Utility Expense A/c

To Cash A/c

(Being utility expense paid)

 $1,540

$1,540
October 31

Drawings A/c

To Cash A/c

(Being cash withdrawn for personal use)

 $6,700

$6,700
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