Question

Off-Peak Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Capital Stock; Retained Earnings; Dividends; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.
Journalize the following selected transactions for July 2012 in a two-column journal.
July 1 Paid rent for the month, $4,500.
2 Paid advertising expense, $1,800.
5 Paid cash for supplies, $900.
6 Purchased office equipment on account, $12,300.
10 Received cash from customers on account, $4,100.
15 Paid creditor on account, $1,200.
27 Paid cash for repairs to office equipment, $500.
30 Paid telephone bill for the month, $180.
31 Fees earned and billed to customers for the month, $26,800.
31 Paid electricity bill for the month, $315.
31 Paid dividends, $2,000.



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  • CreatedFebruary 04, 2014
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