EX 2-6 Transactions OBJ. 2 Value Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Share Capital-Ordinary, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for July 2014 in a two-column journal. Journal entry explanations may be omitted. July 1. Paid rent for the month, $3,200. 3. Paid advertising expense, $750. 5. Paid cash for supplies, $1,300. 6. Purchased office equipment on account, $12,500. 10. Received cash from customers on account, 511,400. 15. Paid creditor on account, $1,175. 27. Paid cash for repairs to office equipment, $600. July 30. Paid seiepirone bill for the month, $180. 31. Fees earned and billed to customers for the month, $33,760 31. Paid electricity bill for the month. $1.300 31. Paid dividends, $4,000