Answer:
Oct. 1 2019
Rent Expense$4,200 (debit)
Cash $4,200 (credit)
Oct. 3 2019
Advertising Expense $2,670 (debit)
Cash $2,670 (credit)
Oct. 5 2019
Supplies $1,150 (debit)
Cash $1,150 (credit)
Oct. 6 2019
Office Equipment $17,600 (debit)
Accounts Payable $17,600 (credit)
Oct. 10 2019
Cash $5,730 (debit)
Accounts Receivable $5,730 (credit)
Oct. 15 2019
Accounts Payable $1,680 (debit)
Cash $1,680 (credit)
Oct. 27 2019
Miscellaneous Expense $730 (debit)
Cash $730 (credit)
Oct. 30
Utilities Expense $270 (debit)
Cash $270 (debit)
Oct. 31: Fees earned
Trade Receivable $38,200 (debit)
Fees Earned $38,200 (credit)
Oct. 31: Paid bill
Utilities Expense $460 (debit)
Cash $460 (debit)
Oct. 31: Withdrawal
Jason Payne, Capital $2,900 (debit)
Cash $2,900 (credit)
Explanation:
Note
Cash Drawings reduce the owners interest in their capital accounts and at the same time they reduce the assets of cash.
