Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

fransactions Innovative Consulting Co, has the following accounts in its ledoer: Cash, Accounts Receivabile, Supplies, Office Equipment, Accounts Pavable, Common Stock, Retained Earnings, Dividends, Fees

image text in transcribed
image text in transcribed
image text in transcribed
fransactions Innovative Consulting Co, has the following accounts in its ledoer: Cash, Accounts Receivabile, Supplies, Office Equipment, Accounts Pavable, Common Stock, Retained Earnings, Dividends, Fees Eamed, Rent Expense, Advertising Expense, Uxilities Expense, Mixcellaneous Expense. Journalize the following selected transactions for October 20y2 in a two column fournal, Journal entry explanatlons inay be ornitted. If an amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $5,400. 3. Paid advertising expense, $3,470. 5. Paid cash for supolies, 31,490 ; 6. Purchased office equipment on account, $22,800. 12. Reccived cast from custemers on account, $7,430. 20. Pald creditor on account, $7,190, 27. Paid cash for miscollaneous expenses, $940. 20. Paid telephone bill for the month, $350, 31. Fees eumed and bllied to customers for the month, 349,500 . 31. Paid electricity bill for the month, $590. 31. Paid didends, 13,800 . 2020ct.1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Explain the steps involved in training programmes.

Answered: 1 week ago