Question
Oct. 1 Mark Harris begins business as a real estate agent with a cash investment of $26,400 in exchange for common stock. 2 Hires an
Oct. 1 Mark Harris begins business as a real estate agent with a cash investment of
$26,400
in exchange for common stock.\ 2 Hires an administrative assistant.\ 3 Purchases office furniture for
$4,300
, by paying
$840
cash with the balance on account.\ 6 Sells a house and lot for N. Garcia, earning a fee of
$5,000
, with
$740
collected in cash and the balance billed to
N
. Garcia.\ 27 Pays
$2,300
on the balance related to the transaction of October 3.\ 30 Pays the administrative assistant
$3,700
in salary for October.\ 31 Collects
$2,600
of the balance owed by N. Garcia.\ (a)\ Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)\ Date\ Account Titles\ Debit\ Credit
Oct. 1 Mark Harris begins business as a real estate agent with a cash investment of $26,400 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $4,300, by paying $840 cash with the balance on account. 6 Sells a house and lot for N. Garcia, earning a fee of $5,000, with $740 collected in cash and the balance billed to N. Garcia. 27 Pays $2,300 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,700 in salary for October. 31 Collects $2,600 of the balance owed by N. Garcia. (a) Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Oct. 1 Mark Harris begins business as a real estate agent with a cash investment of
$26,400
in exchange for common stock.\ 2 Hires an administrative assistant.\ 3 Purchases office furniture for
$4,300
, by paying
$840
cash with the balance on account.\ 6 Sells a house and lot for N. Garcia, earning a fee of
$5,000
, with
$740
collected in cash and the balance billed to
N
. Garcia.\ 27 Pays
$2,300
on the balance related to the transaction of October 3.\ 30 Pays the administrative assistant
$3,700
in salary for October.\ 31 Collects
$2,600
of the balance owed by N. Garcia.\ (a)\ Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)\ Date\ Account Titles\ Debit\ Credit
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