EX 2-7 Transactions
Chalet Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Andee Freese, Capital; Andee Freese, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.
Journalize the following selected transactions for October 2012 in a journal. Journal entry explanations may be omitted.
|
Oct. 1 |
Paid rent for the month, $2,000. |
| 2. |
Paid advertising expense, $900. |
| 5. |
Paid cash for supplies, $1,300. |
| 6. |
Purchased offi ce equipment on account, $16,000. |
| 10. |
Received cash from customers on account, $6,700. |
| 15. |
Paid creditor on account, $1,200. |
| 27. |
Paid cash for repairs to offi ce equipment, $600. |
| 30. |
Paid telephone bill for the month, $180. |
| 31. |
Fees earned and billed to customers for the month, $26,800. |
| 31. |
Paid electricity bill for the month, $400. |
| 31. |
Withdrew cash for personal use, $3,000. |