JOURNAL ENTRIES

Journalize the following business transactions in general journal form. You may omit explanations of the transactions.

a. On January 1st, shareholders invest $55,000 cash to start a real estate office, in exchange for common shares.

Date	Account	Debit	Credit

b) On January 2nd, purchased office equipment for $6,000, paying $2,500 in cash and signing a 30-day, note payable for the remainder.

Date	Account	Debit	Credit

c) On January 2nd paid $1,400 in cash for current month and next months rent.

Date	Account	Debit	Credit

d) On January 7th billed $5,400 in real estate commissions to clients for services provided.

Date	Account	Debit	Credit

e) On January 31st paid $1,000 cash dividends to shareholders.

Date	Account	Debit	Credit

f) On January 31^st paid $2,500 cash for office salaries

Date	Account	Debit	Credit

g) On February 1^st received a $6,000 cheque from a client, $5,400 in payment on account for commissions billed on January 7^th and the balance for services not yet performed.

Date	Account	Debit	Credit