Question
1 Lia Berge begins business as a real estate agent with a cash investment of $25,200. Accounts Payable Accounts Receivable Cash Equipment L. Berge, Capital
1 Lia Berge begins business as a real estate agent with a cash investment of $25,200.
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
2 Paid rent, $590, on office space.
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
3 Purchases office equipment for $2,350, on account.
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
6 Sells a house and lot for Hal Smith; bills Hal Smith $3,700 for realty services performed.
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
27 Pays $920 on the balance related to the transaction of October 3.
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
30 Receives bill for October utilities, $109 (not paid at this time).
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
Account Titles and Explanation
Debit?
Credit?
Oct. 1 the amount on debit or credit?
Oct. 2 the amount on debit or credit?
Oct. 3 the amount on debit or credit?
Oct. 6the amount on debit or credit?
Oct. 27the amount on debit or credit?
Oct. 30the amount on debit or credit?
thanks
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