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Journalize the preceding selected transactions for March 2018 in a two-column journal. Where Cash is at is Assets column where Fees Earned that’s Revenue column.
3Paid advertising expense $550 5 Paid cash for supplies, $1 200 6 Purchased office equipment on account, 59.300 10Received cash from customers on a 15 Paid creditor on account $3.500 27 Paid cash for miscellaneous expenses. $520 30 Paid telephone bill for the month, $325 cash from customers on acout $16 31 Paid electricity bill for the month, $860.
Instructions Chart of Accounts Journal Instructions Chart of Accounts Ze 11 Cash 12 Accounts Receivable 13 Supplies 14 Office Equipment 41 Fees Earned EXPENSES 51 Rent Expense 52 Advertising Expense 53 Utilities Expense 54 Miscellaneous Expense LIABILITIES 21 Accounts Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Check My Work All work s
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Journal entry shows debit and credit balance of different accounts of the company it follow double entry system of accounts or say it record dual impact of a transaction happening during the particular period. Journal entry helps to create the financial statements for the business.Journal Entevies CT) Rent Ale 2200 To Cara Max 3 SSo SSo C being adlvesh sing enp paid) Mar 5 서 200 To Can b Aa equipment Mk-19300 300Kar lo Canh 16950 To Acconth Reesivarl C being Canh nuived).-_- 16950 Mar 15 3so 35°0 Mor 23 S2o Mar 30 325 325 Cleig kelaphene essp paid)Mar 31 51040 Sein el al il) Mar 31 8 60 Dividends paae e Soo To Cash beiuy dlindand paisl Soo poiel2200一 To Accoush Reasinc 16 959 94 Adverhsiny 550. By Supplies pu 120o To bal eld Soto Slou

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