Q#1 The Zuni Co. has the following accounts in its ledger: Cash; Accounts Receivable;Supplies; Office Equipment; Accounts Payable; Gayle McCall, Capital; Gayle McCall,Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.August 1. Paid rent for the month, Rs. 1,500.Paid advertising expense, Rs. 700.Paid cash for supplies, Rs. 1,050.Purchased office equipment on account, Rs. 7,500.Received cash from customers on account, Rs. 3,600.Paid creditor on account, Rs. 1,150.Withdrew cash for personal use, Rs. 1,000.Paid cash for repairs to office equipment, Rs. 500.Paid telephone bill for the month, Rs. 195.Fees earned and billed to customers for the month, Rs. 10,150.Paid electricity bill for the month, Rs. 380.Instructions Journalize the following selected transactions for August 2005 in a two-column journal.

Name: Q#1 The Zuni Co. has the following accounts in its ledger: Cash; Accou
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Description: Q#1 The Zuni Co. has the following accounts in its ledger: Cash; Accounts Receivable;Supplies; Office Equipment; Accounts Payable; Gayle McCall, Capital; Gayle McCall,Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscell

The Zuni Co. has the following transactions for the month of August 2020 Required Journalize the…

Answered: Q#1 The Zuni Co. has the following…

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 2.7EX: Transactions Zenith Consulting Co. has the following accounts in its ledger: Cash, Accounts...

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Q#1 The Zuni Co. has the following accounts in its ledger: Cash; Accounts Receivable;

Supplies; Office Equipment; Accounts Payable; Gayle McCall, Capital; Gayle McCall,

Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.

August 1. Paid rent for the month, Rs. 1,500.

Paid advertising expense, Rs. 700.
Paid cash for supplies, Rs. 1,050.
Purchased office equipment on account, Rs. 7,500.
Received cash from customers on account, Rs. 3,600.
Paid creditor on account, Rs. 1,150.
Withdrew cash for personal use, Rs. 1,000.
Paid cash for repairs to office equipment, Rs. 500.
Paid telephone bill for the month, Rs. 195.
Fees earned and billed to customers for the month, Rs. 10,150.
Paid electricity bill for the month, Rs. 380.

Instructions

Journalize the following selected transactions for August 2005 in a two-column journal.

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