Presented below is information related to Conan Real Estate Agency. Oct. 1 Arnold Conan begins business as

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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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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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