11 Cash 12 Accounts Receivable 14 Computer Supplies 18 Equipment 21 Accounts Payable 23 Notes Payable 31 O. Myer, Capital 32 O. Myer, Drawing 41 Fees Earned 51 Wages Expense 52 Rent Expense Journalize the following transaction: July 22 Paid $2,000 to creditors on account hint: you may not need to fill in every box GENERAL JOURNAL Page 1 Date Description Post Debit Credit

11 Cash 12 Accounts Receivable 14 Computer Supplies 18 Equipment 21 Accounts Payable 23 Notes Payable 31 O. Myer, Capital 32 O. Myer, Drawing 41 Fees Earned 51 Wages Expense 52 Rent Expense Journalize the following transaction: July 22 Paid $2,000 to creditors on account hint: you may not need to fill in every box GENERAL JOURNAL Page 1 Date Description Post Debit Credit

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 2.4C

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QUESTION 8

Chart of Accounts

11	Cash
12	Accounts Receivable
14	Computer Supplies
18	Equipment
21	Accounts Payable
23	Notes Payable
31	O. Myer, Capital
32	O. Myer, Drawing
41	Fees Earned
51	Wages Expense
52	Rent Expense

Journalize the following transaction:

July 22 Paid $2,000 to creditors on account

hint: you may not need to fill in every box

GENERAL JOURNAL Page 1
Date	Description	Post	Debit	Credit

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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