The following selected transactions were completed during August of the current year Billed customers for fees earned, $38,250 Purchased supplies on account, $1,640 Received cash from customers on account, $35,960 Paid creditors on account, $990 Question Content Area a Journalize these transactions in a two column journal, using the appropriate number to identify the transactions If an amount box does not require an entry, leave it blank (1) Accounts PayableAccounts ReceivableCashFees EarnedSupplies Select Select Accounts PayableAccounts ReceivableCashFees EarnedSupplies Select Select (2) Accounts PayableAccounts ReceivableCashFees EarnedSupplies Select Select Accounts PayableAccounts ReceivableCashFees EarnedSupplies Select Select (3) Accounts PayableAccounts ReceivableCashFees EarnedUtilities Expense Select Select Accounts PayableAccounts ReceivableCashFees EarnedUtilities Expense Select Select (4) Accounts PayableAccounts ReceivableCashFees EarnedUtilities Expense Select Select Accounts PayableAccounts ReceivableCashFees EarnedUtilities Expense Select Select Question Content Area b Post the entries prepared in (a) to the following T accounts Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned To the left of each amount posted in the accounts, select the appropriate number to identify the transactions Cash (1)(2)(3)(4) fill in the blank 80dfbcf28fd6fb9 2 (1)(2)(3)(4) fill in the blank 80dfbcf28fd6fb9 4 Supplies (1)(2)(3)(4) fill in the blank 80dfbcf28fd6fb9 6 Accounts Receivable (1)(2)(3)(4) fill in the blank 80dfbcf28fd6fb9 8 (1)(2)(3)(4) fill in the blank 80dfbcf28fd6fb9 10 Accounts Payable (1)(2)(3)(4) fill in the blank 80dfbcf28fd6fb9 12 (1)(2)(3)(4) fill in the blank 80dfbcf28fd6fb9 14 Fees Earned (1)(2)(3)(4) fill in the blank 80dfbcf28fd6fb9 16 c Assume that the unadjusted trial balance on August 31 shows a credit balance for Accounts Receivable Does this credit balance mean an error has occurred

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The following selected transactions were completed during August of the current year: Billed customers for fees earned, $38,250. Purchased supplies on account, $1,640. Received cash

The following selected transactions were completed during August of the current year:

Billed customers for fees earned, $38,250.

Purchased supplies on account, $1,640.

Received cash from customers on account, $35,960.

Paid creditors on account, $990.

Question Content Area

a. Journalize these transactions in a two-column journal, using the appropriate number to identify the transactions. If an amount box does not require an entry, leave it blank.

(1)	Accounts PayableAccounts ReceivableCashFees EarnedSupplies	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashFees EarnedSupplies	- Select -	- Select -
(2)	Accounts PayableAccounts ReceivableCashFees EarnedSupplies	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashFees EarnedSupplies	- Select -	- Select -
(3)	Accounts PayableAccounts ReceivableCashFees EarnedUtilities Expense	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashFees EarnedUtilities Expense	- Select -	- Select -
(4)	Accounts PayableAccounts ReceivableCashFees EarnedUtilities Expense	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashFees EarnedUtilities Expense	- Select -	- Select -

Question Content Area

b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, select the appropriate number to identify the transactions.

Cash
(1)(2)(3)(4)	fill in the blank 80dfbcf28fd6fb9_2	(1)(2)(3)(4)	fill in the blank 80dfbcf28fd6fb9_4

Supplies
(1)(2)(3)(4)	fill in the blank 80dfbcf28fd6fb9_6

Accounts Receivable
(1)(2)(3)(4)	fill in the blank 80dfbcf28fd6fb9_8	(1)(2)(3)(4)	fill in the blank 80dfbcf28fd6fb9_10

Accounts Payable
(1)(2)(3)(4)	fill in the blank 80dfbcf28fd6fb9_12	(1)(2)(3)(4)	fill in the blank 80dfbcf28fd6fb9_14

Fees Earned
		(1)(2)(3)(4)	fill in the blank 80dfbcf28fd6fb9_16

c. Assume that the unadjusted trial balance on August 31 shows a credit balance for Accounts Receivable. Does this credit balance mean an error has occurred?