Presented below is information related to Robbins Real Estate Agency. Oct. 1 Lynn Robbins begins business as

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Presented below is information related to Robbins Real Estate Agency.

Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of

$20,000 in exchange for common stock.

2 Hires an administrative assistant.

3 Purchases office furniture for $1,900, on account.

6 Sells a house and lot for N. Fennig; bills N. Fennig $3,200 for realty services provided.

27 Pays $850 on the balance related to the transaction of October 3.

30 Pays the administrative assistant $2,500 in salary for October.

Instructions Prepare the debit-credit analysis for each transaction as illustrated on pages 66-71.

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Financial Accounting

ISBN: 9780470929384

8th Edition

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

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