Create journal entries for the following transactions draw


Task:

1. Create journal entries for the following transactions.

2. Draw up a T-accounts for each account affected by transactions.

3. Calculate ending balances for all T-accounts.

Transactions:

March, 1: Student Corp. received fees earned from customers, $12,000.

March, 4: Purchased office equipment on account, $5,500.

March, 8: Purchased office supplies on account, $400.

March, 12: Paid office rent for February, $800.

March, 16: Received cash $4,500 from a customer as its rent payment.

March, 18: Paid utilities expense for the month of February, $320.

March, 22: Paid advertising expense, $780.

March 28: Paid creditors on account, $5500.

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Accounting Basics: Create journal entries for the following transactions draw
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