Reference no: EM132678500

Problem - Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.

Journalize the following selected transactions for October 2019 in a two-column journal. Journal entry explanations may be omitted.

Oct. 1. Paid rent for the month, $3,600.

Oct. 3. Paid advertising expense, $1,200.

Oct. 5. Paid cash for supplies, $750.

Oct. 6. Purchased office equipment on account, $8,000.

Oct. 10. Received cash from customers on account, $14,800.

Oct. 15. Paid creditors on account, $7,110.

Oct. 27. Paid cash for miscellaneous expenses, $400.

Oct. 30. Paid telephone bill (utility expense) for the month, $250.

Oct. 31. Fees earned and billed to customers for the month, $33,100.

Oct. 31. Paid electricity bill (utility expense) for the month, $1,050.

Oct. 31. Withdrew cash for personal use, $2,500.