Answer:
Date Account Title and Explanation Debit Credit
Mar-01 Rent expenses $4,000
Cash $4,000
(To record payment of rent for the month)
Mar-03 Advertising expenses $1,350
Cash $1,350
(To record payment advertising expenses for the month)
Mar-05 Supplies $1,800
Cash $1,800
(To record payment for supplies)
Mar-06 Office equipment $11,500
Accounts payable $11,500
(To record purchase of office equipment on account)
Mar-10 Cash $8,600
Accounts receivable $8,600
(To record cash receipt from customers on account)
Mar-15 Accounts payable $3,180
Cash $3,180
(To record payment to creditors on account)
Mar-27 Misc. expenses $700
Cash $700
(To record payment for misc. expenses)
Mar-30 Utilities expenses $550
Cash $550
(To record payment for telephone expenses for the month)
Mar-31 Accounts receivable $37,200
Fees earned $37,200
(To record fee earned and billed to customer for the month)
Mar-31 Utilities expenses $830
Cash $830
(To record payment for electricity bill for the month)
Mar-31 Dividends $2,000
Cash $2,000
(To record payment of dividends)
