Instructions

Following are the five transactions for Newman $\backslash$& Associates, Inc.

March $1$ Bills are sent to clients for services provided in February in the amount of $\backslash (\backslash$$ $800\backslash ).$

$9$ Corner Office, Inc. delivers office furniture $(\backslash (\backslash$$ $1,060\backslash ))$ and office supplies $(\backslash$$$160)$ to Newman, leaving an invoice for $\backslash (\backslash$$ $1,220\backslash ).$

$15$ Payment is made to Corner Office, Inc. for the furniture and office supplies delivered on March $9.$

$23$ A bill for $\backslash (\backslash$$ $430\backslash )$ for electricity for the month of March is received and will be paid on its due date in April.

$31$ Salaries of $\backslash (\backslash$$ $850\backslash )$ are paid to employees.

Required:

Journalize the five transactions for Newman $\backslash$& Associates, Inc. Refer to the Chart of Accounts for exact wording of account titles.

Chart of Accounts

CHART OF ACCOUNTS

Newman $\backslash$& Associates, Inc.

General Ledger

ASSETS

$11$ Cash

$12$ Accounts Receivable

$13$ Office Supplies

$14$ Prepaid Insurance

$15$ Land

$16$ Office Furniture

$17$ Building

$18$ Truck

LIABILITIES

$21$ Accounts Payable

$22$ Unearned Revenue

$23$ Notes Payable

EQUITY

$31$ Common Stock

$32$ Retained Earnings

$33$ Dividends

REVENUE

$41$ Fees Earned

EXPENSES

$51$ Salaries Expense

$53$ Rent Expense

$54$ Electricity Expense

$55$ Maintenance Expense

$59$ Miscellaneous Expense General Journal

Journalize the five transactions for Newman $\backslash$& Associates, Inc. Refer to the Chart of Accounts for exact wording of account titles.

PAGE $1$

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