Answer to Question #47158 in Finance for Felisia Fitri Anita

Question #47158
Derby Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Terri Burell, Capital; Terri Burell, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Journalize the following selected transactions for March 2009 in a two-column journal and posting to T account. Journal entry explanations may be omitted. Mar. 1. Paid rent for the month, $3,000. 2. Paid advertising expense, $1,800. 5. Paid cash for supplies, $900. 6. Purchased office equipment on account, $12,300. 10. Received cash from customers on account, $4,100. 15. Paid creditor on account, $1,200. 27. Paid cash for repairs to office equipment, $500. 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, $315. 31. Withdrew cash for personal use, $2,000.
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