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.

Oct. 1. Paid rent for the month, $3,000.

3. Paid advertising expense, $1,940.

5. Paid cash for supplies, $830.

6. Purchased office equipment on account, $12,700.

10. Received cash from customers on account, $4,160.

15. Paid creditors on account, $1,220.

27. Paid cash for miscellaneous expenses, $530.

30. Paid telephone bill (utility expense) for the month, $190.

31. Fees earned and billed to customers for the month, $27,700.

31. Paid electricity bill (utility expense) for the month, $330.

31. Withdrew cash for personal use, $2,100.

Journalize the selected transactions for October 2019.

2019 Oct. 1 2019 Oct. 3 2019 Oct. 5 2019 Oct. 6 2019 Oct. 10 2019 Oct. 15 2019 Oct. 27 2019 Oct. 30 Oct. 31: Fees earned Oct. 31: Paid bill Oct. 31: Withdrawal

1)	Accounts Receivable
	Fees Earned
(2)	Supplies
	Accounts Payable
(3)	Cash
	Accounts Receivable
(4)	Accounts Payable
	Cash

Feedback

a. Identify the type of accounts affected in each transaction. Determine whether the account increases or decreases and record each increase or decrease following the rules of debit and credit. Remember total debits should equal total credits in your entries.

b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, select the appropriate number to identify the transactions.

Cash
(3)		(4)

Supplies
(2)

Accounts Receivable
(1)		(3)

Accounts Payable
(4)		(2)

Fees Earned
		(1)

c. Assume that the unadjusted trial balance on August 31 shows a credit balance for Accounts Receivable. Does this credit balance mean an error has occurred? No