Question: Chalet Co has the following accounts in its ledger Cash

Chalet Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Martin Kim, Capital; Martin Kim, Withdrawals; Rent Expense.
Journalize the following selected transactions for March 2014 in a two-column journal. Journal entry explanations may be omitted.
Mar. 1. Paid rent for the month, $2,100.
3. Martin paid cash for a new sofa for his home, using a company cheque, $900.
5. Paid cash for supplies, $700.
6. Purchased office equipment on account, $12,300.
10. Received cash from customers in payment of receivables, $4,100.
15. Paid creditors $1,200 of the accounts payable.

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  • CreatedSeptember 15, 2015
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