Question
1 Lia Berge begins business as a real estate agent with a cash investment of $25,200. 2 Paid rent, $590, on office space. 3 Purchases
1 Lia Berge begins business as a real estate agent with a cash investment of $25,200.
2 Paid rent, $590, on office space.
3 Purchases office equipment for $2,350, on account.
6 Sells a house and lot for Hal Smith; bills Hal Smith $3,700 for realty services performed.
27 Pays $920 on the balance related to the transaction of October 3.
30 Receives bill for October utilities, $109 (not paid at this time).
what is the Account Titles and Explanation each one,
Account Titles and Explanation
Debit?
Credit?
Oct. 1 the amount on debit or credit?
Oct. 2 same
Oct. 3 same
Oct. 6same
Oct. 27same
Oct. 30same
Accounts Payable
Accounts Receivable
Cash
Equipment
L. Berge, Capital
L. Berge, Drawings
No Entry
Prepaid Rent
Rent Expense
Salaries Expense
Service Revenue
Supplies
Unearned Revenue
Utilities Expense
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