Question
Zenith Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Retained Earnings; Dividends; Fees
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. March 1. Paid rent for the month, $5,400. 3. Paid advertising expense, $3,460. 5. Paid cash for supplies, $1,480. 6. Purchased office equipment on account, $22,700. 10. Received cash from customers on account, $7,410. 15. Paid creditor on account, $2,170. 27. Paid cash for miscellaneous expenses, $940. 30. Paid telephone bill for the month, $350. 31. Fees earned and billed to customers for the month, $49,400. 31. Paid electricity bill for the month, $590. 31. Paid dividends, $3,800. Journalize the selected transactions for March 2018. 2018 March 1 March 3 March 5 March 6 March 10 March 15 March 27 March 30 March 31 Fees earned March 31 : Paid bill March 31 : Dividends
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started