17Jackson Co's ledger is as follows:Oct. 1 1,470 Oct. 310Cash2115 2,730790Oct. 480025 1,640SuppliesAccounts ReceivableOct. 6 1,180 Oct. 2120 810730EquipmentOct. 3 5,9501230Notes PayableOct. 30 52031 23031 57028A. Jackson, Capital580430Oct. 3 5,370Accounts PayableOct. 12 430 Oct. 4 730520A. Jackson, Drawings800Service RevenueOct. 1 1,47053025 1,640 A. Jackson, CapitalOct. 30 520A. Jackson, Drawings(a)Oct. 28 53028 530Service RevenueOct. 31 230Oct. 1 1,47025 1,640Oct. 31 570Advertising ExpenseOct. 6 1,18010Rent ExpenseDate15 2,73020Salaries Expense790810Journalize the October transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented inthe problem. List all debit entries before credit entries.)Account TitlesNOV12DebitCredit4www

The journal entries are prepared to record the transactions on regular basis. The T-accounts are…

Jackson Co's ledger is as follows: Oct. Oct. Oct. Oct. Cash 1 1,470 Oct. 3 580 10 790 12 430 15 2,730 30 800 21 25 1,640 Accounts Receivable Supplies 730 6 1,180 Oct. 21 800 20 810 Equipment 3 5,950 31 230 31 570 Notes Payable Accounts Payable Oct. 12 430 Oct. 4 Oct. 3 5,370 Oct. 30 520 520 A. Jackson, Capital 730 28 530 Oct. 1 1,470 A. Jackson, Drawings 25 1,640 Service Revenue

Jackson Co's ledger is as follows: Oct. Oct. Oct. Oct. Cash 1 1,470 Oct. 3 580 10 790 12 430 15 2,730 30 800 21 25 1,640 Accounts Receivable Supplies 730 6 1,180 Oct. 21 800 20 810 Equipment 3 5,950 31 230 31 570 Notes Payable Accounts Payable Oct. 12 430 Oct. 4 Oct. 3 5,370 Oct. 30 520 520 A. Jackson, Capital 730 28 530 Oct. 1 1,470 A. Jackson, Drawings 25 1,640 Service Revenue

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

17
Jackson Co's ledger is as follows:
Oct. 1 1,470 Oct. 3
10
Cash
21
15 2,730
790
Oct. 4
800
25 1,640
Supplies
Accounts Receivable
Oct. 6 1,180 Oct. 21
20 810
730
Equipment
Oct. 3 5,950
12
30
Notes Payable
Oct. 30 520
31 230
31 570
28
A. Jackson, Capital
580
430
Oct. 3 5,370
Accounts Payable
Oct. 12 430 Oct. 4 730
520
A. Jackson, Drawings
800
Service Revenue
Oct. 1 1,470
530
25 1,640

A. Jackson, Capital
Oct. 30 520
A. Jackson, Drawings
(a)
Oct. 28 530
28 530
Service Revenue
Oct. 31 230
Oct. 1 1,470
25 1,640
Oct. 31 570
Advertising Expense
Oct. 6 1,180
10
Rent Expense
Date
15 2,730
20
Salaries Expense
790
810
Journalize the October transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.
If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in
the problem. List all debit entries before credit entries.)
Account Titles
NOV
12
Debit
Credit
4
www

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