Module 1 Problem Set Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Rec

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Module 1 Problem Set Transactions Innovative Consulting Co Has The Following Accounts In Its Ledger Cash Accounts Rec 1 (38.5 KiB) Viewed 38 times

Module 1 Problem Set Transactions Innovative 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. Journalize the following selected transactions for October 2012 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $2,500. 4, Paid advertising expe, $1,000 5. Paid cash for supplies, 11,800. 6. Purchased office equipment on account, $11.500. 12. Received cash from customers on account, $7,500 20. Paid creditor on account, $2,700. 27, Paid cash for miscelaneous expenses. $700. 30. Paid telephone bill for the month, $475. 31. Fees earned and billed to customers for the month, $42,400 31. Paid electricity bill for the month, 1900 31. Paid dividends, $1.500. 2012 00:1 Oct. 4 Oct. 5 Od. 6 Oct. 12 Oct. 20 Oct. 27 Od: 30 Oct. 31 Oct. 31 Oct 31 00 00 00 00 00 00 00