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Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipmen Common Stock, Retained Earnings, Dividends, Fees Earned, Rent
Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipmen Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscell Journalize the following selected transactions for October 2012 in a two-column journal. Journal entry explanations may amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $4,400. 3. Paid advertising expense, $2,810. 5. Paid cash for supplies, $1,200. 6. Purchased office equipment on account, $18,400. 12. Received cash from customers on account, $6,020. 20. Paid creditor on account, $1,760. 27. Paid cash for miscellaneous expenses, $760. 30. Paid telephone bill for the month, $280. 31. Fees earned and billed to customers for the month, $40,100. 31. Paid electricity bill for the month, $480. 31. Paid dividends, $3,000. 20Y2 Oct, 1
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