EX 2-7 Transactions
Chalet Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Andee Freese, Capital; Andee Freese, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.
Journalize the following selected transactions for October 2012 in a journal. Journal entry explanations may be omitted.
| Oct. 1 | Paid rent for the month, $2,000. |
| 2. | Paid advertising expense, $900. |
| 5. | Paid cash for supplies, $1,300. |
| 6. | Purchased offi ce equipment on account, $16,000. |
| 10. | Received cash from customers on account, $6,700. |
| 15. | Paid creditor on account, $1,200. |
| 27. | Paid cash for repairs to offi ce equipment, $600. |
| 30. | Paid telephone bill for the month, $180. |
| 31. | Fees earned and billed to customers for the month, $26,800. |
| 31. | Paid electricity bill for the month, $400. |
| 31. | Withdrew cash for personal use, $3,000. |
Economic Debate- Progressive Income Tax For this Economic Debate, we are going to discuss the…
TOPIC: Going Global Discussion Thread 1 (initial post due Wednesday for full credit) Please note:…
Assignment Topic This week will culminate in the creation of a narrated PowerPoint to create…
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted…
you need to post your 2-page information flier to share with your Final Project Group.…
discussion: Discuss the methods used at your company to measure and ensure quality products and…