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Oct The following information relates to Vaughn Real Estate Agency Alan Sancull begins business as a real estate agent with a cash investment of $14,550,
Oct The following information relates to Vaughn Real Estate Agency Alan Sancull begins business as a real estate agent with a cash investment of $14,550, Hires an administrative assistant. Purchases equipment for $1.880, on account. 6 Sells a house and lot for R. Craig: bills R. Craig $3.930 for realty services performed 27 Pays $1,010 on the balance related to the transaction of October 3 30 Pays the administrative assistant $2.195 in salary for October SNOWN Journalize the transactions. If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Ref. Debit Credit Cash 14550 Owner's Capital 1550 No Entry 1880 Accounts Payable Accounts Rewable 3. Service Revenud Accounts Payable Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Ref. Debit Credit Cash 14.550 Owner's Capital 14550 No Entry 1.880 Accounts Payable 1.880 Accounts Receivable 3.889 Service Revenue 3.888 Accounts Payable 1188 Cash 1.188 Salaries and Wages Expense 2.195 cash
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