Question

Enith 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;

asked Dec 4, 2022 16.8k views

Enith 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, $4,000.
3 Paid advertising expense, $1,350.
5 Paid cash for supplies, $1,800.
6 Purchased office equipment on account, $11,500.
10 Received cash from customers on account, $8,600.
15 Paid creditor on account, $3,180.
27 Paid cash for miscellaneous expenses, $700.
30 Paid telephone bill for the month, $550.
31 Fees earned and billed to customers for the month, $37,200.
31 Paid electricity bill for the month, $830.
31 Paid dividends, $2,000.
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
11 Cash
12 Accounts Receivable
13 Supplies
14 Office Equipment
LIABILITIES
21 Accounts Payable
EQUITY
31 Common Stock
32 Retained Earnings
33 Dividends
REVENUE
41 Fees Earned
EXPENSES
51 Rent Expense
52 Advertising Expense
53 Utilities Expense
54 Miscellaneous Expense

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by Paul Raymond

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Alexis Pautrot · Answer 1 · 2022-12-09T13:41:14+0000

Answer:

March 1

Dr Rent Expense$4,000

Cr Cash $4,000

03

Dr Advertising Expense $1,350

Cr Cash $1,350

05

Dr Supplies $1,800

Cr Cash$1,800

06

Dr Office Equipment $11,500

Cr Account Receivable$11,500

10 Dr Cash $8,600

Cr Account Payable$8,600

15

Dr Account Payable$3,180

Cr Cash$3,180

27

Dr Miscellaneous Expense$700

Cr Cash$700

30

Dr Miscellaneous Expense$550

Cr Cash$550

31

Dr Account receivable$37,200

Cr Fees Earned$37,200

31

Dr Utilities Expense$830

Cr Cash$830

31

Dr Dividend$2,000

Cr Cash$2,000

Step-by-step explanation: