Homework 4 - Analyzing Transactions-2

Homework 4 - Analyzing Transactions-2 - 4 Paid cash for...

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Accounting & Cost Management Homework #4 - Analyzing Transactions. The Zuni Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Capital Stock; Dividends; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. a) Journalize the following selected transactions for August 2005 in a two- column journal . Journal entry explanations may be omitted: August 1. Paid rent for the month, $1,225. 2. Paid advertising expense, $700.
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Unformatted text preview: 4. Paid cash for supplies, $1,110. 6. Purchased oFce equipment on account, $7,500. 8. Received cash from customers on account, $3,600. 12. Paid creditor on account, $1,150. 20. Paid dividends, $1,000. 25. Paid cash for repairs to oFce equipment, $500. 30. Paid telephone bill for the month, $195. 31. ±ees earned and billed to customers for the month, $10,150 31. Paid electricity bill for the month, $380. b) PosT The enTries prepared in (a) To The ± accounTs ....
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