Transactions Instructions Chart of Accounts Journal Journal Instructions Payne, Capital; Jason Payne, Drawing; Fees Earned: Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. DATE DESCRIPTION Oct 1 Rent Expense Cash Transactions Oct. 3 Oct. 1 3 Oct. 5 5 6 Oct. 6 10 Oct. 10 15 Paid rent for the month, $2,300 Paid advertising expense, $700 Pald cash for supplies, $1,250. Purchased office equipment on account, $9,600 Received cash from customers on account $17,000. Paid creditors on account, $3,180 Paid cash for miscellaneous expenses, $560 Paid telephone bill (utility expense) for the month, $300 Fees earned and billed to customers for the month, $51,470 Pald electricity bill (utility exponse) for the month, $810. Withdrew cash for personal use. $1,750 10 27 11 30 Oct. 15 12 31 11 Oct. 27 14 31 15 Oct 30 16 31 17 Oct. 31 Next art of Accounts CHART OF ACCOUNTS Concrete 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 54 Miscellaneous Expense 21 Accounts Payable EQUITY 31 Jason Payne, Capital 32 Jason Payne, Drawing