BRIef answers

ient Brief Exercise 2-10 Presented below is information related to Berge Real Estate Agency: Oct. 1 Lia Berge begins business as a real estate agent with a cash investment of $36,000 2 Paid rent, $840, on office space. 3 Purchases office equipment for $3,360, on account. 6 Sells a house and lot for Hal Smith; bills Hal Smith $5,280 for realty services performed. 27 Pays $1,320 on the balance related to the transaction of October 3. 30 Receives bill for October utilities, $156 (not paid at this time). Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the p Date Account Titles and Explanation Debit Credit Oct. 1 Cash 36000 L. Berge, Capital 36000 Oct. 2 Rent Expense 840 840 Cash Equipment 8360 8360 Accounts Pay able