Question
2. Below is information related to Hawkins Real Estate Agency. By going through the same process as you did in Exercise #1, think about
2. Below is information related to Hawkins Real Estate Agency. By going through the same process as you did in Exercise #1, think about what happened to the accounts because of the transaction (like you did in Chapter 1) and then journalize the transactions in proper journal entry format-the account name(s) and amount(s) to be debited always go first, the account name(s) and amount(s) to be credited go second and are indented. See examples in text. Skip line between entries. Do not separate an entry between 2 journal pages. (Omit explanations) Oct 1 Peter Hawkins, the owner, begins the business with a $18,000 cash investment. Oct 1 The company hired an administrative assistant. Oct 3 Paid $4,500 cash for office computers, (Office Equipment). Oct 3 Paid $1,500 office rent for October. Oct 6 Oct 12 Sold a house and lot for B. Kidman; bills B. Kidman for realty services provided, $3,800. Purchased office equipment for $1,900 on account. Oct 20 Received $3,000 cash from customer B Kidman. Remainder to be received next month. Oct 27 Paid $700 on the balance due from Oct 12 purchase. Oct 30 Paid the administrative assistant in salary for October, $2,500. Date Name of Account Page 1 Debit Amount Credit Amount
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