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Zenith Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Retained Earnings; Dividends; Fees Earned;
Zenith 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. Transactions Mar. 1 Paid rent for the month, $2,500. 3 5 Paid advertising expense, $600. Paid cash for supplies, $1,200. Purchased office equipment on account, $9,200. 6 10 Received cash from customers on account, $15,900. 15 Paid creditor on account, $3,410. 27 Paid cash for miscellaneous expenses, $550. 30 31 Paid telephone bill for the month, $400. Fees earned and billed to customers for the month, $50,170. Paid electricity bill for the month, $830. Paid dividends, $1,850. 31 31 Journalize the preceding selected transactions for March 2018 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS Zenith 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 21 Accounts Payable 54 Miscellaneous Expense EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Journalize the preceding selected transactions for March 2018 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4 5 6 7 8 9 10 11 12 12 13 14 15 16 17 18 19 20 21 22
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