Instructions Chart of Accounts Journal T Accounts Final Question HI III nstructions The following selected transactions were completed during August of the current year: Transactions Aug 1 Billed customers for fees earned, $73,900. 4 8 Purchased supplies on account, $1,960. Received cash from customers on account, $62,770. Paid creditors on account, $820. 11 Required: A. Journalize these transactions in a two-column journal Refer to the T-Accounts for exact wording of account titles. B. Post the entries prepared in (A) to the following T accounts: Cash, Supplies, Accounts Receivable Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, select the appropriate date. C. Assume that the unadjusted trial balance on August 31 shows a credit balance for Accounts Receivable. Does this credit balance mean that an error has occurred? Chart of Accounts CHART OF ACCOUNTS ch2Generic General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Supplies 22 Accounts Receivable EXPENSES 51 Rent Expense LIABILITIES 52 Office Salaries Expense 21 Accounts Payable 53 Automobile Expense 54 Supplies Expense 55 Miscellaneous Expense Journal A. Journalize these transactions in a two-column journal. Refer to the T-Accounts for exact wording of account titles. JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT AS 1 2 3 4 5 6 7 8 Transactions and T accounts Instructions Chart of Accounts Journal T Accounts Final Question Journal T Accounts B. Post the entries prepared in (A) to the following accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left ore amount posted in the accounts, select the appropriate date. Cash Accounts Payable Supplies Fees Earned Accounts Receivable Previo