Oct

c. Presented below is information related to Darco Real Estate Agency:

2 Abdullah Al Hammad begins business as a real estate agent with a cash investment of 100,000 SAR.

8 Paid rent, 700 SAR on office space.

10 Purchases office equipment for 3,500 SAR on account.

11 Sells an apartment for Sara Al Omar and bills her 5000 SAR for performed services on account.

25 Pays 1,500 SAR on the balance related to the transaction of Oct 10.

30 Receives bill for October utilities, 150 SAR ( not paid at this time).

Instructions:

a- Journalize the transactions.

b- Post to ledger accounts.

c- Prepare a trial balance on October 31, 2020

Date	Account Name	Debit	Credit

T- Account

Owners Capital

Rent Expenses

Cash

Account Payable

Equipment

Revenue

Account Receivables

Utilities Expenses

Darco Real Estate Agency Trial Balance 31 October 2020
Account Name	Debit	Credit
Cash
Rent expenses
Office equipment Account receivables
Utilities expenses
Capital
Account payable
Revenue