Chart of Accounts Journal Zenith Consulting Co. has the folowing accounts in its
ID: 2518073 • Letter: C
Question
Chart of Accounts Journal Zenith Consulting Co. has the folowing accounts in its ledger Cash, Accounts Recevaible Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends. Fees Earned, Rent Expense, Advertising Expense, Utlities Expense, Miscellaneous Expense Transactions Paid rent for the month, $4,000 Paid advertising expense, $1,350 Mar 1 3 5 Paid cash for supplies, $1,800 6 Purchased office equipment on account, $11,500 10 Received cash trom customers on account, $8,600 15 Paid creditor on account, $3,180 27 Paid cash for miscellaneous exponses, $700 30 Paid telephone bill for the month, $550 31 Fees earned and billed to customers for the month, 537,200 31 Paid electricity bill for the month, $830. 31 Paid dividends, $2,000Explanation / Answer
Journal Entry Date Accounts title and explanations Debit $ Credit $ 1-Mar Rent expense Dr. 4000 Cash Account 4000 3-Mar Adverrtisement expense Dr. 1350 Cash Account 1350 5-Mar Supplies Dr. 1800 Cash Account 1800 10-Mar Office equipment Dr. 11500 Accounts payable 11500 15-Mar Accounts payable Dr. 3180 Cash Account 3180 27-Mar Miscellaneous Expense Dr. 700 Cash Account 700 30-Mar Utilities Expense Dr. 550 Cash Account 550 31-Mar Accounts receivable Dr. 37200 Fees earned 37200 31-Mar Utilities expense Dr. 830 Cash Account 830 31-Mar Dividends Account Dr. 2000 Cash Account 2000