Reference no: EM132679425
Problem - Chalet Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Capital Stock; Retained Earnings; Dividends; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.
Journalize the following selected transactions for October 2012 in a two-column journal. Journal entry explanations may be omitted.
Oct. 1. Paid rent for the month, $2,000.
Oct. 2. Paid advertising expense, $900.
Oct. 5. Paid cash for supplies, $1,300.
Oct. 6. Purchased office equipment on account, $16,000.
Oct. 10. Received cash from customers on account, $6,700.
Oct. 15. Paid creditor on account, $1,200.
Oct. 27. Paid cash for repairs to office equipment, $600.
Oct. 30. Paid telephone bill for the month, $180.
Oct. 31. Fees earned and billed to customers for the month, $26,800.
Oct. 31. Paid electricity bill for the month, $400.
Oct. 31. Paid dividends, $3,000.