Question
Chalet Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Andee Freese, Capital; Andee Freese, Drawing; Fees Earned;
Chalet Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Andee Freese, Capital; Andee Freese, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. July 1. Paid rent for the month, $5,800. 3. Paid advertising expense, $3,660. 5. Paid cash for supplies, $1,570. 6. Purchased office equipment on account, $24,100. 10. Received cash from customers on account, $7,850. 15. Paid creditor on account, $2,300. 27. Paid cash for repairs to office equipment, $990. 28. Paid telephone bill for the month, $370. 29. Fees earned and billed to customers for the month, $52,300. 30. Paid electricity bill for the month, $630. 31. Withdrew cash for personal use, $4,000.
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