Instructions Chart of Accounts General Journal Instructions Following are the five transactions for Newman & Associates, Inc. March 1 Bills are sent to clients for services provided in February in the amount of $800. 9 Corner Office, Inc. delivers office furniture ($1,060) and office supplies ($160) to Newman, leaving an Invoice for $1,220. 15 Payment is made to Corner Office, Inc. for the furniture and office supplies delivered on March 9. 23 31 A bill for $430 for electricity for the month of March is received and will be paid on its due date in April. Salaries of $850 are paid to employees. Required: Journalize the five transactions for Newman & Associates, Inc. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts CHART OF ACCOUNTS Newman & Associates, Inc. General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Office Supplies 14 Prepaid Insurance 15 Land 16 Office Furniture 17 Building 18 Truck REVENUE 41 Fees Earned EXPENSES 51 Salaries Expense 53 Rent Expense 54 Electricity Expense 55 Maintenance Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Revenue 23 Notes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Journalize the five transactions for Newman & Associates, Inc. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4 5 6 7 8 9 10 11