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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