Chapter 2, Problem 2.7EX

Transactions

Zenith Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense.

Journalize the following selected transactions for March 2018 in a two-column journal. Journal entry explanations may be omitted.

Mar. 1.	Paid rent for the month, $4,000.
3.	Paid advertising expense, $1,350.
5.	Paid cash for supplies, $1,800.
6.	Purchased office equipment on account $11,500
10.	Received cash from customers on account, $8,600.
15.	Paid creditor on account, $3,180.
27.	Paid cash for miscellaneous expenses, $700.
30.	Paid telephone bill for the month, $550.
31.	Fees earned and billed to customers for the month, $37,200.
31.	Paid electricity bill for the month, $830.
31.	Paid dividends, $2,000.