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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

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, $2,200.
3 Paid advertising expense, $550.
5 Paid cash for supplies, $1,200.
6 Purchased office equipment on account, $9,300.
10 Received cash from customers on account, $16,950.
15 Paid creditors on account, $3,000.
27 Paid cash for miscellaneous expenses, $520.
30 Paid telephone bill (utility expense) for the month, $325.
31 Fees earned and billed to customers for the month, $51,040.
31 Paid electricity bill (utility expense) for the month, $860.
31 Withdrew cash for personal use, $1,500.

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.

Chart of Accounts

CHART OF ACCOUNTS
Concrete Consulting Co.
General Ledger
ASSETS
11 Cash
12 Accounts Receivable
13 Supplies
14 Office Equipment
LIABILITIES
21 Accounts Payable
EQUITY
31 Jason Payne, Capital
32 Jason Payne, Drawing
REVENUE
41 Fees Earned
EXPENSES
51 Rent Expense
52 Advertising Expense
53 Utilities Expense
54 Miscellaneous Expense

Journal

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.

PAGE 1

JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

2

3

4

5

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9

10

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