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Accounting
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Record the following selected transactions for March in a two-column journal, identifying each entry by letter: (Use the following chart of accounts: Cash account, common stock, computer equipment, rent expense, supplies, fees earned, accounts payable, wages expense, accounts receivable, (a) Received $10,000 from the owners of the corporation in exchange for common stock (b) Purchased computers for $5,000 on account (c) Paid $500 for rent for March. (d) Paid $200 for supplies. (e) Recorded $3,000 of fees earned on account. (1) Received $1,000 in cash for fees earned. (g) Paid $400 to creditors on account. (h) Paid wages of $1,250. (1) Received $1,150 cash from customers on account. 6) Recorded the payment of $850 in cash dividends. Account Deb incorrectement De Croce SHA CONSULTANTS - December 31, 2020 Urad ustad Tonga duments Crede Adjusted nos Den Croa Dett 200 250 70 100 500 20 80 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Uneamed Fees Common Stock Retained Earnings Dividends Fees Earned Salaries Expense Utilities Expense Miscellaneous expense Supplies Expense Depreciation expense Insurance Expense 90 400 130 8888 88 1888 700 Totals 1.420 1420 Adjustment Depreciation expenser for culpriten 540 6. Unearned fees at December JI 2020 SIO e Supplies used, December 31, 2020, $50 d. Accrued salaries at December 31, 2020 are 530 Insurance expired during the year is 580
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