The following information relates to Yansheng Real Estate. Oct. 1 Biao Yansheng begins business as a real

Question:

The following information relates to Yansheng Real Estate.
Oct. 1 Biao Yansheng begins business as a real estate agent with a cash investment of HK$17,000.
        2 Hires a part-time administrative assistant.
        3 Purchases supplies for HK$1,900, on account.
        6 Sells a house and lot for C. Chow; bills C. Chow HK$3,800 for realty services performed.
      27 Pays HK$1,300 on the balance related to the transaction of October 3.
      30 Pays the administrative assistant HK$2,500 in salary for October.

Instructions
Prepare the debit-credit analysis for each transaction as illustrated in the textbook.

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Related Book For  book-img-for-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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