Answer:
The below details are missing from the question:
1. Paid rent for the month, $2,500.
3. Paid advertising expense, $675.
5. Paid cash for supplies, $1,250.
6. Purchased office equipment on account, $9,500.
10. Received cash form customers on account, $16,550.
15. Paid creditor on the account, $3,180.
27. Paid cash for repairs to office equipment, $540.
30. Paid telephones bill for the month, $375.
31. Fees earned and billed to customers for the month, $49,770.
31. Paid electricity bill for the month, $830
31. Paid dividends, $1750.
Since the question details are already here, I would show the journal entries in the explanation section below:
Explanation:
1
Dr Rent expense $2,500
Cr Cash $2,500
2
Dr Advertising expense $675
Cr Cash $675
3.
Dr Supplies $1,250
Cr Cash $1,250
4.
Dr Equipment $9,500
Cr Accounts payable $9,500
5.
Dr Cash $16,550
Cr Accounts receivable $16,550
6.
Dr Accounts payable $3,180
Cr Cash $3,180
7
Dr Miscellaneous expenses $540
Cr Cash $540
8
Dr Utilities $375
Cr Cash $375
9
Dr Accounts receivable $49,770
Cr Fees earned $49,770
10
Dr Utilities $830
Cr Cash $830
11
Dr Dividends $1,750
Cr Cash $1,750
The rationale for these postings is simply debit the receiving account and credit the giving account.
For instance in the payment of rent, rent expense account received and the cash account gave.
