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  3. 1 billed customers for fees earned 57 620 2 purcha

1 Billed customers for fees earned 57 620 2 Purchased supplies on account 2 480...

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1 Billed customers for fees earned 57 620 2 Purchased supplies on account 2 480 3 Received cash from customers on account 54 160 4 Paid creditors on account 1 500 a Journalize these transactions in a two column journal using the appropriate number to identify the transactions Journal entry explanations may be omitted If an amount box does not require an entry leave it blank 1 Accounts Receivable Fees Earned 2 Supplies Accounts Payable 3 Cash V Accounts Receivable 4 Accounts Payable Cash V Feedback 00 00 00 00 00 00 00 Check My Work a Identify the type of accounts affected in each transaction Determine whether the account increases or decreases and record each increase or decrease following the rules of debit and credit Remember total debits should equal total credits in your entries b Post the entries prepared in a to the following T accounts Cash Supplies Accounts Receivable Accounts Payable Fees Earned To the left of each amount posted in the accounts select the appropriate number to identify the transaction Cash 4 Accounts Payable 2 Supplies Fees Earned V

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