Journalise the followung transactions.

Oct. 1. Paid rent for the month, $3,600.

3. Paid advertising expense, $1,200.

5. Paid cash for supplies, $750.

6. Purchased office equipment on account, $8,000.

10. Received cash from customers on account, $14,800.

15. Paid creditors on account, $7,110.

27. Paid cash for miscellaneous expenses, $400.

30. Paid telephone bill (utility expense) for the month, $250.

31. Fees earned and billed to customers for the month, $33,100.

31. Paid electricity bill (utility expense) for the month, $1,050.

31. Withdrew cash for personal use, $2,500.

Question

Business

Lindsey Bryant

21 August, 17:43

Journalise the followung transactions.

Oct. 1. Paid rent for the month, $3,600.

3. Paid advertising expense, $1,200.

5. Paid cash for supplies, $750.

6. Purchased office equipment on account, $8,000.

10. Received cash from customers on account, $14,800.

15. Paid creditors on account, $7,110.

27. Paid cash for miscellaneous expenses, $400.

30. Paid telephone bill (utility expense) for the month, $250.

31. Fees earned and billed to customers for the month, $33,100.

31. Paid electricity bill (utility expense) for the month, $1,050.

31. Withdrew cash for personal use, $2,500.

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Answers (1)

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Rogelio Patterson · Answer 1

S/No Date Transaction Dr ($) Cr ($)

1 Oct. 1 Rent Expense 3,600

Cash 3,600

2. Oct. 3 Advert. Expenses 1,200

Cash 1,200

3. Oct. 5 Supplies 750

Cash 750

4 Oct. 6 Office equipment 8000

Accounts Payable 8,000

5 Oct. 10 Cash 1 4,800

Accounts receivable 14,800

6 Oct. 15 Accounts payable 7,110

Cash 7,110

7. Oct. 27 Miscellaneous 400

Cash 400

8 Oct. 30 Utilities Expenses 250

Cash 250

9 Oct 31 Accounts receivable 33,100

Fees earned 33,100

10 Oct. 31 Utility Expense 1,050

Cash 1050

11 Oct. 31 Drawings 2,500

Cash 2,500