Enith consulting 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; miscellaneous expense.
transactions
mar. 1 paid rent for the month, $4,000.
3 paid advertising expense, $1,350.
5 paid cash for supplies, $1,800.
6 purchased office equipment on account, $11,500.
10 received cash from customers on account, $8,600.
15 paid creditor on account, $3,180.
27 paid cash for miscellaneous expenses, $700.
30 paid telephone bill for the month, $550.
31 fees earned and billed to customers for the month, $37,200.
31 paid electricity bill for the month, $830.
31 paid dividends, $2,000.
journalize the preceding selected transactions for march 2018 in a two-column journal. refer to the chart of accounts for exact wording of account titles.
chart of accounts
zenith consulting co.
general ledger
assets
11 cash
12 accounts receivable
13 supplies
14 office equipment
liabilities
21 accounts payable
equity
31 common stock
32 retained earnings
33 dividends