ncrete Consulting Co. has the following accounts in its rned; Rent Expense; Adve
ID: 2339109 • Letter: N
Question
ncrete Consulting Co. has the following accounts in its rned; Rent Expense; Advertising Expense; ledger: Cash; Accounts Jason Payne, Capital; Jason Payne, Drawing; Fere Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $2,700 3. Pald advertising expense, $1,740 5. Paid cash for supplies, $740. 6. Purchased office equipment on account, $11,400. 10. Received cash from customers on account, $3,720 15. Paid creditors on account, $1,090 27. Paid cash for miscellaneous expenses, $470. 30. Paid telephone bill (utility expense) for the month, $170 31. Fees carned and billed to customers for the month, $24,800 31. Paid electricity bill (utility expense) for the month, $300. 31. Withdrew cash for personal use, $1,900. lournalize the selected transactions for October 2019 2019 Oct. 1 2019 Oct. 3 2019 Oct.5 Previous Next All work saved +1 10:45..
Explanation / Answer
Journal entries for october 2019
Journal entries for october 2019
Date Accounts and Explanation Debit credit 1-Oct Rent expense $2,700 cash $2,700 ( To record the payment of rent for the month) 3-Oct Advertising expenses $1,740 Cash $1,740 ( To record the payment of advertising expense for the month) 5-Oct Supplies $740 cash $740 ( To record the purchase of supplies using cash) 6-Oct office equipment $11,400 Accounts Payable $11,400 (To record purchase of office equipment on account) 10-Oct Cash $3,720 Accounts Receivable $3,720 (To record cash received from customers on account) 15-Oct Accounts payable $1,090 Cash $1,090 (To record payment made to creditors) 27-Oct Miscellanous expenses $470 Cash $470 (To record the payment towards miscellaneous expenses) 30-Oct Telephone expense Dr. 170 cash 170 (To record payment made for telephone bill) 31-Oct Accounts receivables $24,800 service fees $24,800 (To record fees earned ) 31-Oct Utility expense Dr. $300 Cash $300 (To record payment made for electricity bill) 31-Oct Drawings $1,900 Cash $1,900 ( to record drawings for personal use)Related Questions
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