Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eBook Transactions Show Me How Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Michael Short,

eBook Transactions Show Me How Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Michael Short, Capital; Michael Short, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $5,900. 3. Paid advertising expense, $3,720. 5. Paid cash for supplies, $1,600. 6. Purchased office equipment on account, $24,500. 10. Received cash from customers on account, $7,980. 15. Paid creditors on account, $2,340. 27. Paid cash for miscellaneous expenses, $1,010. 30. Paid telephone bill (utility expense) for the month, $370. 31. Fees earned and billed to customers for the month, $53,200. 20Y3 Oct. 1 31. Paid electricity bill (utility expense) for the month, $640. 31. Withdrew cash for personal use, $4,000. Journalize the selected transactions for October 20Y3. If an amount box does not require an entry, leave it blank. 20Y3 Oct. 3 Print Item Check My Work 2 more Check My Work uses remaining. Next Email Instructor Save and Exit Submit Assignment for Grading
image text in transcribed
5immons Consuting Co, has the following accounts in its lesgert Cashy Acchunts Receivable; Supplies; Office Equpment; Accounts Paybble, Michael Shart, Capta; Michael Short, Orawing: Fees Earmed; Rent Expence; Advertising Expense; Veities Expente; Mischilanecus Expense. Oct. 1. Paid rent for the month, $5,909. 3.- Paid advertising expertse, 53,720. 5. Paid cash for supplies, 51,600 . 6. Purchased officte equipment on scceurt, $24,500 10. Received cash from custemers on scceunt, $7,960. 15. Paid creditors on account, 42,340 . 27. Paid cash for miscellaneous expenses, $1,010. 30. paid telephone bill (utility expense) for the menth, $370. 31. Fees earned and billed to customers for the month, 553,200 . 31. Paid electricity ball (utility expense) for the month, 1649 . 31. Witherew cash for personal use, $4,000. Journalae the seiected. transactiens for October 20y3. If an amount bax dves not require an entry, leave it Blanik. 20 20 2 more Check My Work upes temaing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Case Studies In Forensic Accounting And Fraud Auditing

Authors: Professor D. Larry Crumbley, Wilson LaGraize, Christopher E. Peters

2nd Edition

0808041932, 978-0808041931

More Books

Students also viewed these Accounting questions

Question

=+What is the most challenging part of working in social media?

Answered: 1 week ago