Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Transactions Innovative Consulting Co. has the following accounts in its ledger Cash, Accounts Receivable, Supplies, the Equipment Accounts Payable, Common Stock, Retained Earnings, Dividends, lees
Transactions Innovative Consulting Co. has the following accounts in its ledger Cash, Accounts Receivable, Supplies, the Equipment Accounts Payable, Common Stock, Retained Earnings, Dividends, lees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense Journalize the following selected transactions for October 2012 in a two-column journal Journal entry explanations may be emitted. If an amount box does not require an entry, leave it blank Oct. 1. Paid rent for the month, $2,500. 3. Pald advertising expense, $1,600. 5. Paid cash for supplies, 5680 6. Purchased orice equipment on account, $10,500 12. Received cash from customers on account, $3,420 20. Paid creditor on account, $1,000 27. Pald cash for miscellaneous expenses, 5430. 30. Pald telephone bill for the month, $160 31. Fees earned and billed to customers for the month, 122,800 31. Pald electricity bill for the month, $270 31. Pald dividends, 51,700. 2012 Oct 1 Oct. II II 01 II II II Oct. 5 B. Etsy - Shopping C CO Course: Fall 2021... 1.2 Lessons: AH 11 eBook Show Me How Oct. 6 Oct. 12 89 Oct. 20 Oct. 27 Il Oct. 30 Oct. 31 ILNI II II > Oct. 31 Accounting numeric field > Oct. 31
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started