Question

Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.

Transactions
Oct.	1	Paid rent for the month, $2,100.
	3	Paid advertising expense, $650.
	5	Paid cash for supplies, $1,350.
	6	Purchased office equipment on account, $9,300.
	10	Received cash from customers on account, $15,600.
	15	Paid creditors on account, $3,360.
	27	Paid cash for miscellaneous expenses, $500.
	30	Paid telephone bill (utility expense) for the month, $300.
	31	Fees earned and billed to customers for the month, $51,230.
	31	Paid electricity bill (utility expense) for the month, $840.
	31	Withdrew cash for personal use, $1,650.

Journalize the above selected transactions for October 2019 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles.

Journalize the above selected transactions for October 2019 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3
4
5
6
7
8
9
10
11
12
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19
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22

Answer 1