Presented below is information related to Conan Real Estate Agency. Oct. 1 Arnold Conan begins business as
Question:
Presented below is information related to Conan Real Estate Agency.
Oct. 1 Arnold Conan begins business as a real estate agent with a cash investment of \(\$ 18,000\) in exchange for common stock.
2 Hires an administrative assistant.
3 Purchases office equipment for \(\$ 1,700\), on account.
6 Sells a house and lot for B. Clinton; bills B. Clinton \(\$ 4,200\) for realty services performed.
27 Pays \(\$ 900\) on the balance related to the transaction of October 3.
30 Pays the administrative assistant \(\$ 2,800\) in salary for October.
Instructions
Journalize the transactions. (You may omit explanations.)
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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