Question
Journalise the following business transaction Purchased office equipment for $6,000, paying $2,500 in cash and the remainder on credit. $3,500, loan Received a cheque for
Journalise the following business transaction
Purchased office equipment for $6,000, paying $2,500 in cash and the remainder on credit. $3,500, loan
Received a cheque for $3,000 from a client in payment on account for commissions invoiced last month
Paid $1,200 cash dividends to shareholders
Paid $200 cash on account for office supplies purchased last month for $400 on account
Paid $2,200 cash for office salaries
Real estate commissions invoiced to clients amount to $4,000
Shareholders invest $35,000 in cash in starting a real estate office operating as a company.
Received an account for $500 for advertising for the current month.
Purchased $400 of office supplies on credit.
Paid $700 in cash for the current month's rent.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started