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12 January, 15:22

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)
  1. 12 January, 15:51
    0
    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
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