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.

Answer 1

Date	General Journal	Debit	Credit
Oct-01	Rent expense	$    2,100.00
	Cash		$    2,100.00
	(To record Rent expense)
Oct-03	Advertising expense	$        650.00
	Cash		$        650.00
	(To record advertising expense)
Oct-05	Supplies	$    1,350.00
	Cash		$    1,350.00
	(To record purchase of supplies)
06-Oct	Office equipment	$    9,300.00
	Accounts payable		$    9,300.00
	(To record purchase of office equipment)
10-Oct	Cash	$ 15,600.00
	Accounts receivable		$ 15,600.00
	(to record receipt of cash)
15-Oct	Accounts payables	$    3,360.00
	Cash		$    3,360.00
	(To record payment made on account)
27-Oct	Miscellaneous Expense	$        500.00
	Cash		$        500.00
	(To record miscellaneous expense)
30-Oct	Utilities expense	$        300.00
	Cash		$        300.00
	(To record utilities expense )
31-Oct	Accounts receivable	$ 51,230.00
	Fees Earned		$ 51,230.00
	(TO record fee earned during month)
31-Oct	Utilities expense	$        840.00
	Cash		$        840.00
	(To record utilities expense )
31-Oct	Jason Payne, Drawing	$    1,650.00
	Cash		$    1,650.00
	(To record drawings by owner)