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Instructions Chart of Accounts Journal Instructions Simmons Consulting Co. has the following accounts in its ledger Cash; Accounts Receivable; Supplies; Office Equipment, Accounts Payable,
Instructions Chart of Accounts Journal Instructions 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. Transactions Oct 1 Paid rent for the month, $2,800. 3 Paid advertising expense, $625. 5 Paid cash for supplies, $1,350. 6 Purchased office equipment on account, $9,200. 10 Received cash from customers on account, $15,850. 15 Paid creditors on account, $3,180. 27 Paid cash for miscellaneous expenses, $500. 30 Paid telephone bill (utility expense) for the month, $350. 31 333 Fees earned and billed to customers for the month, $49,840. Paid electricity bill (utility expense) for the month, $800 Withdrew cash for personal use, $1,600. Journalize the above selected transactions for October 20Y3 in a two-column journal. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered Previous Next CHART OF ACCOUNTS Simmons Consulting Co. General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Office Equipment LIABILITIES 21 Accounts Payable REVENUE 41 Fees Eamed EXPENSES 51 Rent Expense 52 Advertising Expense 53 Utilities Expense 54 Miscellaneous Expense EQUITY 31 Michael Short, Capital 32 Michael Short, Drawing 9 24 25 SP B 23 15 20 31 22 malze the above selected transactions for October 2012 mal Refer to the chart of accounts for the exact wording of the account files ONOW jourmals do not use lines for joumal explanations Every line on a joumal page is used for debit or credentes GNOW journals will automatically indent a credit entry when a credit amount is entered SCRPTION JOURNAL PAGE 1 ACCOUNTING EQUATION POST REE DEBIT CREINT ASSETS LIABILITIES EXPURTY
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