Question
Presented below is information related to Hammond Real Estate Agency Oct. 1 Lia Berge begins business as a real estate agent with a cash investment
Presented below is information related to Hammond Real Estate Agency Oct. 1 Lia Berge begins business as a real estate agent with a cash investment of $30,000 Oct. 2 Paid rent, $700, on office space. Oct. 3 Purchases office equipment for $2,800, on account. Oct. 6 Sells a house and lot for Hal Smith; bills Hal Smith $4,400 for realty services performed. Oct. 27 Pays $1,100 on the balance related to the transaction of October 3. Oct. 30 Receives bill for October utilities, $130 (not paid at this time). Question: Instructions: Journalize the transactions.(General Journal)
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