counts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; ained Earnings; Dividends; Fees Earned; Rent Expense; Advertising Expense; ties Expense; Miscellaneous Expense. Journalize the transactions for October 20Y2 in a two-column journal. Refer to the Chart of Accounts for account titles. Transactions Oct. JOURNAL ACCOUNTING 4562225 1 Paid rent for the month, $2,500. Paid advertising expense, $600. DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABI 12 Paid cash for supplies, $1,200. Purchased office equipment on account, $9,200. Received cash from customers on account, $15,900. 1 2 20 Paid creditor on account, $3,410. 3 27 Paid cash for miscellaneous expenses, $550. 4 30 Paid telephone bill for the month, $400. 5 31 Fees earned and billed to customers for the month, 6 $50,170. 7 31 Paid electricity bill for the month, $830. 8 31 Paid dividends, $1,850. 9 10 ASSETS 11 Cash CHART OF ACCOUNTS Innovative Consulting Co. General Ledger 12 Accounts Receivable 13 Supplies 14 Office Equipment LIABILITIES 21 Accounts Payable REVENUE 41 Fees Earned EXPENSES 51 Rent Expense 52 Advertising Expense 53 Utilities Expense 54 Miscellaneous Expense EQUITY 31 Common Stock 32 Retained Earnings