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, $2,300. 3 Paid advertising expense, $700. 5 Paid cash for supplies, $1,250. 6 Purchased office equipment on account, $9,600. 10 Received cash from customers on account, $17,000. 15 Paid creditors on account, $3,180. 27 Paid cash for miscellaneous expenses, $560. 30 Paid telephone bill (utility expense) for the month, $300. 31 Fees earned and billed to customers for the month, $51,470. 31 Paid electricity bill (utility expense) for the month, $810. 31 Withdrew cash for personal use, $1,750. Chart of Accounts ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Office Equipment LIABILITIES 21 Accounts Payable REVENUE 41 Fees Earned EXPENSES 51 Rent Expense 52 Advertising Expense 53 Utilities Expense 54 Miscellaneous Expense EQUITY 31 Michael Short, Capital 32 Michael Short, Drawing 11 2 3 4 5 6 7 8 DATE DESCRIPTION ACCOUNTING FOLIATION JOURNAL POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 9 10 11 12 13 14 15 16 17 18 17 18 19 20 21 22