Chart of Accounts Account Number Account Number Account Name Account Name 101 Cash 203 Telephone expenses payable 106 Accounts receivable 230 Unearned consulting fees 124 Office supplies 301 Aliya, Capital 128 Prepaid insurance 302 Allya, Withdrawals 131 Prepaid rent 401 Consulting fees earned 161 Furniture 655 Advertising expenses 163 Office equipment 622 Salaries expenses 201 Accounts payable 688 Telephone expenses Prepare journal entries for the following transactions. Use the above chart of accounts: Prepare journal entries for the following transactions. Use the above chart of accounts Jan Alya opened a Management consultancy firm called "Middle East Consultancy services to provide training for various firm in Dubai. Following are some of the transactions that took place in the first month of Jan 1 Invested AED 50,000 cash and a personal computer worth AED 5.000 into the business Jan Purchased office furniture for ALD 4,000 on credit from Modern Furniture traders Purchased Office supplies for AED 2,000 cash Jan 5 Paident for office space AED 12,000 for the whole yea 6 Pad AED 500 for an advertisement which appeared in "Kralee Times' announcing the opening of the business Jan 7 Paid insurance premum of AED 1.200 for a fire insurance policy which is valid unt Dec 31, 2005 Jan 10 Biled a client Ms. Alsha for AED 5.000 for a seminar conducted on jan . Ms. Aisha is expected to pay at the end of the month Jan 11 Bount office supplies on credit from Ahmed Brothers for Dho Jan 15 Heceived cah At 10.000 from Orion Trading company for training program to be conducted in early February Paid Modern furniture Traders the amount wed, son 20 Received cash from Ms Aitha for services performed earlier on Jan 10 Jan 22 dan Mr. Omar for consultancy services Rendered AED 5.500 Jan 25 Received a telephone bill for ALD 1.500 29 Window ALD 2.000 from the bank for personale an Paid Stories to employees AED 4,000 for the month an Copy Chor Command the below table template and pastel Vor Command in the space below to type in your response Date Account Name and explanation Debt Credit ant Prepare fournal entries for the following transactions. Use the above.chart.of accounts: wys opened a Management consultancy firm called "Middle East Consultancy services to provide training for various tome in Dubul Followey are some of the transactions that took place in the first month of operations invested AED 50,000 cash and a personal computer worth AED 5,000 into the business Purchased office furniture for AED 4,000 on credit from Modern Furniture traders Jan 4 Purchased Office supplies for AED 2,000 cash Jan 5 Paid Rent for office space AED 12,000 for the whole year Jan 6 Paid AED 500 for an advertisement which appeared in Khaleej Times" announcing the opening of the business Jan 7 Paid insurance premium of AED 1,200 for a fire insurance policy which is valid until Dec 31, 2005 Jan 10 Biled a client Ms. Alsh for AED 5.000 for a seminar conducted on jan Ms. Aisha is expected to pay at the end of the month, an 11 Bought office supplies on credit from Ahmed Brothers for Dh 500 Jan 15 Receved cash AED 10,000 from Orion Trading company for a training program to be conducted in early February Paid Modern Furniture Traders the amount owed. Received cash from Ms. Asha for services performed earlier on Jan 10 an 22 Billed a client Mr. Omar for consultancy services rendered AED 5.500 Received a telephone bill for AED 1,500 an 29 Withdrew AED 2,000 from the bank for personal use. Jan 30 Paid Salaries to employees AED 4800 for the month Jan 17 Jan 20 Jan 25 Copy'Ctrl or Command the below table template and paste "Ctrl or Command in the space below to type in your response Date Account name and explanation Debit Credit
