Answer:
Please see the Journal Entry below for Innovative Consulting Co.
Explanation:
Oct. 1
Debit: Rent Expense $2,500
Credit: Cash $2,500
Oct. 4
Debit: Advertising Expense $600
Credit: Cash $600
Oct. 5
Debit: Supplies $1,200
Credit: Cash $1,200
Oct. 6
Debit: Office Equipment $9,200
Credit: Accounts Payable $9,200
Oct. 12
Debit: Cash $15,900
Credit: Accounts Receivable $15,900
Oct. 20
Debit: Accounts Payable $3,410
Credit: Cash $3,410
Oct. 27
Debit: Miscellaneous Expense $550
Credit: Cash $550
Oct. 30
Debit: Utilities Expense $400
Credit: Cash $400
Oct. 31
Debit: Accounts Receivable $50,170
Credit: Fees Earned $50,170
Oct. 31
Debit: Utilities Expense $830
Credit: Cash $830
Oct. 31
Debit: Dividends $1,850
Credit: Cash $1,850
