Journalizing and Posting Transactions

Annette Creighton opened Creighton Consulting. She rented a small office and paid a part$-$time worker to answer the Phone and make deliveries. Her chart of accounts is as follows:

Chart of Accounts

Assets Revenues

$101$ Cash $401$ Consulting Fees

$142$ Office Supplies

$181$ Office Equipment Expenses

$511$ Wages Expense

Liabilities $512$ Advertising Expense

$202$ Accounts Payable $521$ Rent Expense

$525$ Phone Expense

Owner$$s Equity $526$ Transportation Expense

$311$ Annette Creighton, Capital $533$ Utilities Expense

$312$ Annette Creighton, Drawing $549$ Miscellaneous Expense

Creighton$$s transactions for the first month of business are as follows:

Jan. $1$ Creighton invested cash in the business, $$10,500.$

$2$ Paid rent, $$550.$

$3$ Purchased office supplies on account, $$320.$

$4$ Purchased office equipment on account, $$1,530.$

$6$ Received cash for services rendered, $$574.$

$7$ Paid phone bill, $$47.$

$8$ Paid utilities bill, $$38.$

$10$ Received cash for services rendered, $$360.$

$12$ Made payment on account, $$40.$

$13$ Paid for car rental while visiting an out$-$of$-$town client $($transportation expense$),$ $$130.$

$15$ Paid part$-$time worker, $$360.$

$17$ Received cash for services rendered, $$445.$

$18$ Creighton withdrew cash for personal use, $$100.$

$20$ Paid for a newspaper ad$,$ $$27.$

$22$ Reimbursed part$-$time employee for cab fare incurred delivering materials to clients $($transportation expense$),$ $$35.$

$24$ Paid for books on consulting practices $($miscellaneous expense$),$ $$30.$

$25$ Received cash for services rendered, $$327.$

$27$ Made payment on account for office equipment purchased, $$140.$

$29$ Paid part$-$time worker, $$360.$

$30$ Received cash for services rendered, $$170.$