Problem 4-9A - Part I

1. PR.04.09A.PART.01

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1. eBook
2. Journalizing and Posting Transactions
3. 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:
5. Chart of AccountsAssetsRevenues101Cash401Consulting Fees142Office Supplies181Office EquipmentExpenses511Wages ExpenseLiabilities512Advertising Expense202Accounts Payable521Rent Expense525Phone ExpenseOwner's Equity526Transportation Expense311Annette Creighton, Capital533Utilities Expense312Annette Creighton, Drawing549Miscellaneous Expense
7. Creighton's transactions for the first month of business are as follows:
8. Jan. 1Creighton invested cash in the business, $10,000.1Paid rent, $500.2Purchased office supplies on account, $300.4Purchased office equipment on account, $1,500.6Received cash for services rendered, $580.7Paid phone bill, $42.8Paid utilities bill, $38.10Received cash for services rendered, $360.12Made payment on account, $50.13Paid for car rental while visiting an out-of-town client (transportation expense), $150.15Paid part-time worker, $360.17Received cash for services rendered, $420.18Creighton withdrew cash for personal use, $100.20Paid for a newspaper ad, $26.22Reimbursed part-time employee for cab fare incurred delivering materials to clients (transportation expense), $35.24Paid for books on consulting practices (miscellaneous expense), $28.25Received cash for services rendered, $320.27Made payment on account for office equipment purchased, $150.29Paid part-time worker, $360.30Received cash for services rendered, $180.Required:
9. 1.Journalize the transactions for January in a two-column general journal. Use the following journal page numbers: January 1-10, page 1; January 12-24, page 2; January 25-30, page 3. Enter the posting reference when you complete part 2.