Question
Transactions Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Michael Short, Capital; Michael Short, Drawing;
Transactions
Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Michael Short, Capital; Michael Short, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.
Oct. 1. | Paid rent for the month, $3,200. |
3. | Paid advertising expense, $2,070. |
5. | Paid cash for supplies, $890. |
6. | Purchased office equipment on account, $13,600. |
10. | Received cash from customers on account, $4,430. |
15. | Paid creditors on account, $1,300. |
27. | Paid cash for miscellaneous expenses, $560. |
30. | Paid telephone bill (utility expense) for the month, $210. |
31. | Fees earned and billed to customers for the month, $29,500. |
31. | Paid electricity bill (utility expense) for the month, $350. |
31. | Withdrew cash for personal use, $2,200. |
Journalize the selected transactions for October 20Y3. If an amount box does not require an entry, leave it blank.
20Y3 Oct. 1 | Accounts PayableAccounts ReceivableCashRent ExpenseRent Receivable | - Select - | - Select - |
Accounts PayableAccounts ReceivableCashRent ExpenseRent Receivable | - Select - | - Select - | |
20Y3 Oct. 3 | Accounts PayableAccounts ReceivableAdvertising ExpenseAdvertising RevenueCash | - Select - | - Select - |
Accounts PayableAccounts ReceivableAdvertising ExpenseAdvertising RevenueCash | - Select - | - Select - | |
20Y3 Oct. 5 | Accounts PayableAccounts ReceivableCashSuppliesSupplies Payable | - Select - | - Select - |
Accounts PayableAccounts ReceivableCashSuppliesSupplies Payable | - Select - | - Select - | |
20Y3 Oct. 6 | Accounts PayableAccounts ReceivableCashOffice EquipmentOffice Equipment Expense | - Select - | - Select - |
Accounts PayableAccounts ReceivableCashOffice EquipmentOffice Equipment Expense | - Select - | - Select - | |
20Y3 Oct. 10 | Accounts PayableAccounts ReceivableCashFees EarnedFees Payable | - Select - | - Select - |
Accounts PayableAccounts ReceivableCashFees EarnedFees Payable | - Select - | - Select - | |
20Y3 Oct. 15 | Accounts PayableAccounts ReceivableCashFees ExpenseNotes Payable | - Select - | - Select - |
Accounts PayableAccounts ReceivableCashFees ExpenseNotes Payable | - Select - | - Select - | |
20Y3 Oct. 27 | Accounts PayableAccounts ReceivableCashMiscellaneous ExpenseMiscellaneous Revenue | - Select - | - Select - |
Accounts PayableAccounts ReceivableCashMiscellaneous ExpenseMiscellaneous Revenue | - Select - | - Select - | |
20Y3 Oct. 30 | Accounts PayableAccounts ReceivableCashUtilities ExpenseUtilities Revenue | - Select - | - Select - |
Accounts PayableAccounts ReceivableCashUtilities ExpenseUtilities Revenue | - Select - | - Select - | |
20Y3 Oct. 31: | Accounts PayableAccounts ReceivableCashMichael Short, CapitalFees Earned | - Select - | - Select - |
Accounts PayableAccounts ReceivableCashMichael Short, CapitalFees Earned | - Select - | - Select - | |
20Y3 Oct. 31: | Accounts PayableCashMichael Short, CapitalMichael Short, DrawingUtilities Expense | - Select - | - Select - |
Accounts PayableCashMichael Short, CapitalMichael Short, DrawingUtilities Expense | - Select - | - Select - | |
20Y3 Oct. 31: | Accounts PayableAccounts ReceivableCashMichael Short, CapitalMichael Short, Drawing | - Select - | - Select - |
Accounts PayableAccounts ReceivableCashMichael Short, CapitalMichael Short, Drawing | - Select - | - Select - |
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