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simmon's consulting Co. has the following accounts in its ledger: cash; accounts recievable; supplies; office equiptment; accounts payable; michael short, capital; michael short, drawing, fees
simmon's consulting Co. has the following accounts in its ledger: cash; accounts recievable; supplies; office equiptment; accounts payable; michael short, capital; michael short, drawing, fees earned, rent expense; advertising expense; utilities expense; miscellaneous expense. Simmons Consulting Co. has the following accounts in ts ledger Cash: Accounts Receivable Supplies: Office Equipment Accounts Payable, Michael Short, Capital; Michael Short, Drawing Fees Eamed, Rent Expense; Advertising Expense: Utilities Expense; Miscellaneous Expense. Transactions Oct 1 3 5 6 10 15 Paid rent for the month, $4,800. Paid advertising expense, $2,500. Paid cash for supplies, $1,390 Purchased office equipment on account, $10,670 Received cash from customers on account, $19,730 Paid creditors on account, 59,480 Paid cash for miscellaneous expenses, S530. Paid telephone bill (utility expense) for the month. $220. Fees earned and billed to customers for the month, 538,620 Paid electricity bill (utility expense) for the month, S1540 Withdrew cash for personal use, 56,700. 27 30 31 31 31 Journalize the above selected transactions for October 2013 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 O e 9 CHART OF ACCOUNTS Simmons Consulting Co. General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES 13 Supplies 14 Office Equipment 51 Rent Expense 52 Advertising Expense 53 Utilities Expense 54 Miscellaneous Expense LIABILITIES 21 Accounts Payable EQUITY 31 Michael Short Capital 32 Michael Short. Drawing Journalize the above selected transactions for October 2013 in a two-column journal Refer to the charf of accounts for the exact wording of the accountitles. CNOW Journals do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW journals will automatically indent a credit entry wher a credit amount is entered PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 + 10 eBook Show Me How Calculator 7 10 11 12 13 14 36 10 19 20
simmon's consulting Co. has the following accounts in its ledger: cash; accounts recievable; supplies; office equiptment; accounts payable; michael short, capital; michael short, drawing, fees earned, rent expense; advertising expense; utilities expense; miscellaneous expense.
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