Question - Transactions
Chalet Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Capital Stock; Retained Earnings; Dividends; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.
Mar. 1. Paid rent for the month, $5,200.
Mar. 2. Paid advertising expense, $3,320.
Mar. 5. Paid cash for supplies, $1,420.
Mar. 6. Purchased office equipment on account, $21,800.
Mar. 10. Received cash from customers on account, $7,110.
Mar. 15. Paid creditor on account, $2,090.
Mar. 27. Paid cash for repairs to office equipment, $900.
Mar. 30. Paid telephone bill for the month, $330.
Mar. 31. Fees earned and billed to customers for the month, $47,400.
Mar. 31. Paid electricity bill for the month, $570.
Mar. 31. Paid dividends, $3,600.
Required - Journalize the selected transactions for March 2012.