7,000 Credit 3,000 3,000 Account Title Debit Cash Accounts Receivable Office Supplies (Asset) Accounts Payable Common Stock Fees Earned (Revenue) Rent Expense 1,000 10,000 7,000 600 2,500 1,200 700 18,000 Salaries Expense Supplies Expense Utilities Expense 18,000 Additional Info... Chimichangas Inc. bought a new food processing machine on Jan 1,2017 for $5,000, useful life of 5 years, and a residual value of $1,000. The company uses straighline depreciation. This transaction has not been accounted for in the trial balance yet. Instructions Based on the trial balance above and the additional inf balance sheet and income statement. (as ef Dec 3i, 2o17 n, createa Instructions - Journalize the following transactions for the periods of Jan, Feb, and March. Make sure to date all transactions 1) Chimichanga Inc. estimates that consulting expenses are $5,000 for the month of January 2018 2) Chimichanga Inc. Estimates that the consulting expense bill will be $6,000 in February 3) In March we received the actual bill for January & February Consulting Services, and the invoice was for $13,000 and paid in March 3) Consulting expenses are estimated to be 6,500 for the month of March