Reference no: EM132706874
Problem - Off-Peak 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, and Miscellaneous Expense. Journalize the following selected transactions for July 20Y9 in a two-column journal.
July 1 Paid rent for the month, $4,500.
July 2 Paid advertising expense, $1,800.
July 5 Paid cash for supplies, $900.
July 6 Purchased office equipment on account, $12,300.
July 10 Received cash from customers on account, $4,100.
July 15 Paid creditor on account, $1,200.
July 27 Paid cash for repairs to office equipment, $500.
July 30 Paid telephone bill for the month, $180.
July 31 Fees earned and billed to customers for the month, $26,800.
July 31 Paid electricity bill for the month, $315.
July 31 Paid dividends, $2,000.