Question

Zenith Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Retained Earnings; Dividends; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.TransactionsMar. 1 Paid rent for the month, $4,000. 3 Paid advertising expense, $1,350. 5 Paid cash for supplies, $1,800. 6 Purchased office equipment on account, $11,500. 10 Received cash from customers on account, $8,600. 15 Paid creditor on account, $3,180. 27 Paid cash for miscellaneous expenses, $700. 30 Paid telephone bill for the month, $550. 31 Fees earned and billed to customers for the month, $37,200. 31 Paid electricity bill for the month, $830. 31 Paid dividends, $2,000.Journalize the preceding selected transactions for March 2018 in a two-column journal. CHART OF ACCOUNTS Zenith Consulting Co. General LedgerASSETS11 Cash12 Accounts Receivable13 Supplies14 Office EquipmentLIABILITIES21 Accounts PayableEQUITY31 Common Stock32 Retained Earnings33 Dividends

Answer 1

Answer:

Since there is not enough room here, I used an excel spreadsheet. I also assigned account numbers to fees earned account and expense accounts.

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