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Below is the chart of accounts for Myer Company. 11 12 14 18 21 23 Chart of Accounts Cash Accounts receivable Computer supplies Equipment Account
Below is the chart of accounts for Myer Company. 11 12 14 18 21 23 Chart of Accounts Cash Accounts receivable Computer supplies Equipment Account payable Notes payable O. Myer, Capital O. Myer, Drawing Fees earned Wages expense 31 32 41 51 52 Rent expense Journalize the following July transactions for Myer Company. July 2. Received $40,000 from Oscar Myer, owner. July 5. Purchased $8,500 in computer supplies on account. July 10. Paid $5,000 for July rent. July 13. Purchased equipment for $41,000, paying $25,000 in cash and a note payable for the remainder. July 16. Recorded $3,500 of fees earned on account. July 19. Received $11,000 in cash for fees earned. July 22. Paid $2,000 to creditors on account. July 25. Paid wages of $1,300. July 31. Received $900 from customers on account. July 31. Recorded owner's withdrawal of $1,000. DATE 7/2 Debit Credit 7/5
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