Question
The Boa Co. has the following accounts in its ledger: cash, accounts receivable, supplies, office equipment, accounts payable, Alfonzo Finley, capital, Alfonzo Finley, drawing, fees
The Boa Co. has the following accounts in its ledger: cash, accounts receivable, supplies, office equipment, accounts payable, Alfonzo Finley, capital, Alfonzo Finley, drawing, fees earned, rent expenses, advertising expenses, utilities expenses, and miscellaneous expense. Journalize the following selected transactions for October 2007 in a two column journal. October: 1- Paid rent for the month, $2,500 3- Paid advertising expenses, $ 1,100 4- Paid cash for supplies, $725 6- Purchased office equipment on account, $7,500 10- Received cash from customers on account, $3,600 12- Paid creditor on account, $600 20- Withdrew cash for personal use, $1,000 27- Paid cash for repairs to office equipment, $500 30- Paid telephone bill for the month, $195 31- Fees earned and billed to the customer for the month, $20,150 31- Paid electricity bill for the month, $315
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