Question
Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees
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Transactions
Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense.
Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank.
Oct. 1. Paid rent for the month, $4,700. 3. Paid advertising expense, $2,980. 5. Paid cash for supplies, $1,280. 6. Purchased office equipment on account, $19,600. 12. Received cash from customers on account, $6,390. 20. Paid creditor on account, $1,870. 27. Paid cash for miscellaneous expenses, $810. 30. Paid telephone bill for the month, $300. 31. Fees earned and billed to customers for the month, $42,600. 31. Paid electricity bill for the month, $510. 31. Paid dividends, $3,200.
20Y2 Oct. 1 Cash fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 Oct. 3 fill in the blank 8 fill in the blank 9 fill in the blank 11 fill in the blank 12 Oct. 5 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18 Oct. 6 fill in the blank 20 fill in the blank 21 fill in the blank 23 fill in the blank 24 Oct. 12 fill in the blank 26 fill in the blank 27 fill in the blank 29 fill in the blank 30 Oct. 20 fill in the blank 32 fill in the blank 33 fill in the blank 35 fill in the blank 36 Oct. 27 fill in the blank 38 fill in the blank 39 fill in the blank 41 fill in the blank 42 Oct. 30 fill in the blank 44 fill in the blank 45 fill in the blank 47 fill in the blank 48 Oct. 31 fill in the blank 50 fill in the blank 51 fill in the blank 53 fill in the blank 54 Oct. 31 fill in the blank 56 fill in the blank 57 fill in the blank 59 fill in the blank 60 Oct. 31 fill in the blank 62 fill in the blank 63 fill in the blank 65 fill in the blank 66
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Transactions
Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense.
Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank.
| Oct. 1. | Paid rent for the month, $4,700. |
| 3. | Paid advertising expense, $2,980. |
| 5. | Paid cash for supplies, $1,280. |
| 6. | Purchased office equipment on account, $19,600. |
| 12. | Received cash from customers on account, $6,390. |
| 20. | Paid creditor on account, $1,870. |
| 27. | Paid cash for miscellaneous expenses, $810. |
| 30. | Paid telephone bill for the month, $300. |
| 31. | Fees earned and billed to customers for the month, $42,600. |
| 31. | Paid electricity bill for the month, $510. |
| 31. | Paid dividends, $3,200. |
| 20Y2 Oct. 1 | Cash | fill in the blank 2 | fill in the blank 3 |
| fill in the blank 5 | fill in the blank 6 | ||
| Oct. 3 | fill in the blank 8 | fill in the blank 9 | |
| fill in the blank 11 | fill in the blank 12 | ||
| Oct. 5 | fill in the blank 14 | fill in the blank 15 | |
| fill in the blank 17 | fill in the blank 18 | ||
| Oct. 6 | fill in the blank 20 | fill in the blank 21 | |
| fill in the blank 23 | fill in the blank 24 | ||
| Oct. 12 | fill in the blank 26 | fill in the blank 27 | |
| fill in the blank 29 | fill in the blank 30 | ||
| Oct. 20 | fill in the blank 32 | fill in the blank 33 | |
| fill in the blank 35 | fill in the blank 36 | ||
| Oct. 27 | fill in the blank 38 | fill in the blank 39 | |
| fill in the blank 41 | fill in the blank 42 | ||
| Oct. 30 | fill in the blank 44 | fill in the blank 45 | |
| fill in the blank 47 | fill in the blank 48 | ||
| Oct. 31 | fill in the blank 50 | fill in the blank 51 | |
| fill in the blank 53 | fill in the blank 54 | ||
| Oct. 31 | fill in the blank 56 | fill in the blank 57 | |
| fill in the blank 59 | fill in the blank 60 | ||
| Oct. 31 | fill in the blank 62 | fill in the blank 63 | |
| fill in the blank 65 | fill in the blank 66 |
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Cornerstones Of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
9781305147102, 1285751787, 1305147103, 978-1285751788
