Concrete Consulting Co. has the following accounts in its general ledger: Cash; Accounts receivable; supplies; Office team;
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Question:
Concrete Consulting Co. has the following accounts in its general ledger:
Cash; Accounts receivable; supplies; Office team; Accounts payable; Jason Payne, Capital; Jason Payne, drawing; Fees earned; Rental costs; Advertising expenses; Expenditure of public services; Miscellaneous expenses.
Minutes | ||
Oct. | 1 | Rent paid for the month, $2,100. |
3 | Advertising expenses paid, $650. | |
5 | Paid cash for supplies, $1,350. | |
6 | Office equipment purchased on account, $9,300. | |
10 | Received cash from customers on account, $15,600. | |
15 | Creditors paid on account, $3,360. | |
27 | Paid cash for miscellaneous expenses, $500. | |
30 | Paid phone bill (utility charges) for the month, $300. | |
31 | Fees earned and billed to clients for the month, $51,230. | |
31 | Electricity bill paid (utility expenses) for the month, $840. | |
31 | Withdrew cash for personal use, $1,650. |
Journalize the selected transactions above for October 2019 in a two-column journal.
Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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