Zenith Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts
Question:
Journalize the following selected transactions for March 2018 in a two-column journal. Journal entry explanations may be omitted.
Mar. 1. Paid rent for the month, $4,000.
3. Paid advertising expense, $1,350.
5. Paid cash for supplies, $1,800.
6. Purchased office equipment on account, $11,500.
10. Received cash from customers on account, $8,600.
15. Paid creditor on account, $3,180.
27. Paid cash for miscellaneous expenses, $700.
30. Paid telephone bill for the month, $550.
31. Fees earned and billed to customers for the month, $37,200.
31. Paid electricity bill for the month, $830.
31. Paid dividends, $2,000.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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