Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office...

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Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Eq

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Answer 1

Answer #1

Oct 1	Rent a/c Dr. To Cash a/c (Rent paid for the month)	$2500	$2500
Oct 3	Advertising expenses a/c Dr. To Cash a/c (Advertising expenses paid)	$1580	$1580
Oct 5	Supplier's a/c Dr. To Cash a/c (Paid cash for supplies)	$680	$680
Oct 6	Office equipments a/c Dr. To Cash a/c (Purchased office equipments)	$10400	$10400
Oct 10	Cash a/c Dr. To Sales a/c (Cash received from customers on sales)	$3390	$3390
Oct 15	Creditors a/c Dr To Cash a/c (Paid Creditors)	$990	$990
Oct 27	Misllieneous Expenditure a/c Dr To Cash a/c (Paid cash for misllieneous expenses)	$430	$430
Oct 30	Utility Expenses a/c Dr. To Cash a/c (Paid telephone bill for the month)	$160	$160
Oct 31	Cash a/c Dr. To Billed customer a/c (Fees earned and billed to the customer)	$22600	$22600
Oct 31	Utility Expenses a/c Dr. To Cash a/c (Electricity bill paid for the month)	$270	$270
Oct 31	Drawings a/c Dr. To Cash a/c (Withdraw cash for personal use)	$1700	$1700

Electricity bill and telephone bill are clubbed and recorded in utility expenses account

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Answer 2

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