Description
Transactions
Birdy Consulting Services has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; B. J. Faust, Capital; B. J. Faust, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; and Miscellaneous Expense.
Journalize the following selected transactions for January 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank.
Date Transactions
Jan. 1. Paid rent for the month, $4,200.
4. Paid advertising expense, $2,650.
5. Paid cash for supplies, $1,140.
6. Purchased office equipment on account, $17,400.
12. Received cash from customers on account, $5,690.
20. Paid creditor on account, $1,670.
27. Paid cash for miscellaneous expenses, $720.
30. Paid utility (heating) bill for the month, $270.
31. Fees earned and billed to customers for the month, $37,900.
31. Paid utility (electricity) bill for the month, $450.
31. Paid B. J. Faust cash for personal use, $2,900.
Date Account Debit Credit
20Y2 Jan. 1
Accounts Payable
Accounts Receivable
Cash
Rent Expense
Rent Payable
Accounts Payable
Accounts Receivable
Cash
Rent Expense
Rent Payable
Jan. 4
Advertising Expense
Advertising Payable
Advertising Revenue
B. J. Faust, Drawing
Cash
Advertising Expense
Advertising Payable
Advertising Revenue
B. J. Faust, Drawing
Cash
Jan. 5
Accounts Payable
Accounts Receivable
Cash
Supplies
Supplies Revenue
Accounts Payable
Accounts Receivable
Cash
Supplies
Supplies Revenue
Jan. 6
Accounts Payable
Accounts Receivable
Cash
Office Equipment
Office Equipment Expense
Accounts Payable
Accounts Receivable
Cash
Office Equipment
Office Equipment Expense
Jan. 12
Accounts Payable
Accounts Receivable
Cash
Fees Earned
Fees Payable
Accounts Payable
Accounts Receivable
Cash
Fees Earned
Fees Payable
Jan. 20
Accounts Payable
Accounts Receivable
Cash
Fees Expense
Miscellaneous Expense
Accounts Payable
Accounts Receivable
Cash
Fees Expense
Miscellaneous Expense
Jan. 27
Accounts Payable
Accounts Receivable
Cash
Miscellaneous Expense
Miscellaneous Payable
Accounts Payable
Accounts Receivable
Cash
Miscellaneous Expense
Miscellaneous Payable
Jan. 30
Accounts Payable
Accounts Receivable
Cash
Utilities Expense
Utilities Revenue
Accounts Payable
Accounts Receivable
Cash
Utilities Expense
Utilities Revenue
Jan. 31
Accounts Payable
Accounts Receivable
Cash
Fees Earned
Fees Expense
Accounts Payable
Accounts Receivable
Cash
Fees Earned
Fees Expense
Jan. 31
Accounts Payable
Cash
Utilities Expense
Utilities Payable
Utilities Revenue
Accounts Payable
Cash
Utilities Expense
Utilities Payable
Utilities Revenue
Jan. 31
Accounts Payable
B. J. Faust, Capital
B. J. Faust, Drawing
Cash
Drawing Expense
Accounts Payable
B. J. Faust, Capital
B. J. Faust, Drawing
Cash
Drawing Expense
