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Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Recelvable; Supplies; Office Equipment; Accounts Payable; Michael Short, Capital; Michael Short, Drawing; Fees
Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Recelvable; Supplies; Office Equipment; Accounts Payable; Michael Short, Capital; Michael Short, Drawing; Fees Eamed; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Joumalize the above selected transactions for October 20y3 in a twa-column joumal. Refor to the chart of accounts for the exact wording of the account tities. CNOW journals do not use lines for joumal 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. Chart of Accounts Simmons Consulting Co. General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Office Equipment 51 Rent Expense 52 Advertising Expense LIABILITIES 53 Utilities Expense 21 Accounts Payable 54 Miscellaneous Expense
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