Presented below is information related to Conan Real Estate Agency. LO9 Oct. 1 Arnold Conan begins business

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Presented below is information related to Conan Real Estate Agency. LO9 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 offi ce 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

ISBN: 9781118953907

8th Edition

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

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