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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
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. Oct. 1. Paid rent for the month, $5,900. 3. Paid advertising expense, $3,720. 5. Paid cash for supplies, $1,600. 6. Purchased office equipment on account, $24,500. 10. Received cash from customers on account, $7,980. 15. Paid creditors on account, $2,340. 27. Paid cash for miscellaneous expenses, $1,010. 30. Paid telephone bill (utility expense) for the month, $370. 31. Fees earned and billed to customers for the month, $53,200. 31. Paid electricity bill (utility expense) for the month, $640. 31. Withdrew cash for personal use, $4,000. Journalize the selected transactions for October 20Y3. If an amount box does not require an entry, leave it blank. 20Y3 Oct. 1 20Y3 Oct. 3 20Y3 Oct. 31
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