Record the following activities in the banks of H. Bruin Rel Latte (a) Select blank ledger there from your supplies and open the con the account numbers indicated. All ledgers be marked Sheet 1. except Bank, which will require two legs CRATER Bank. 101: Office Furniture & Equipment, 102: A/R Michael Commission Revenue, 401, Reat Expense, 501; Ottice Su 110. A/P Khan's Computer Co, 201: Capital, Henri Bruno (d) Prepare a trial balance like the one in Figure 3.3, including a suitable PRACTICE EXERCISE 2 marked Sheet 1 and Sheet 2, respectively, Expense, 503: Telephone Expense, 505. (b) Record the following transactions in the General Journal Mar. 1 Henri Bruin invested $18,000 cash in his real estate business, 1 Paid rent for the month of March, $1,350. Issued Cheque #1 to Masc Properties 2 Bought office furniture from City Furniture Co. Issued Cheque #2 for $2.575 3 Bought a computer on account from Khan's Computer Co., $995 Payment due in 30 days. Purchase Invoice #322. 8 Provided real estate services to Tom Dunphy and received a com mission cheque from him for $2,250. Sales Contract #001 (Commission Revenue). 10 Bought office supplies from Wilson's Stationery Co., $33. Issued Cheque #3 15 Sold a farm property for Michael Benson, earning commission of $3,000, to be paid in 15 days. Sales Contract #0002. 18 Sold a city lot for Marcel Parent on Sales Contract #0003. Received commission cheque from him for $1,125. -30 Received cheque from Michael Benson for $2.000 on account. 30 Paid Khan's Computer Co. for the balance owing. Issued Cheque 14 31 Paid telephone bill, $83.90. Issued Cheque #5. (c) Post the journal entries to the ledger accounts as explained and illustrated in this chapter. Be sure to enter appropriate posting references three-line heading PRACTICE EXERCISE 3 cong the account numbers indicated. All ledgers be marked Sheet 1, except Bank, which will require two bed Record the following activities in the books of H. Bruin Real Estate (a) Select blank ledger sheets from your supplies and open the Bank, 101, Office Furniture & Equipment. 102: AR Michad Be 110, A/P Khan's Computer Co, 201: Capital, Henri Brain Commission Revenue.-101: Rent Expense, 501; Otto Sul (d) Prepare a trial balance like the one in Figure 3.3, including a suitable PRACTICE EXERCISE 2 marked Sheet 1 and Sheet 2, respectively Expense, 503: Telephone Expense, 505. (b) Record the following transactions in the General Journal 20 Mar. 1 Henri Bruin invested $18,000 cash in his real estate business 1 Paid rent for the month of March, $1,350, Issued Cheque #1 to Mase Properties. 2 Bought office furniture from City Furniture Co. Issued Cheque #2 for $2,575. 3. Bought a computer on account from Khan's Computer Co., $99. Payment due in 30 days. Purchase Invoice #322. 8 Provided real estate services to Tom Dunphy and received a com- mission cheque from him for $2,250. Sales Contract #0001 (Commission Revenue). 10 Bought office supplies from Wilson's Stationery Co., $33. Issued Cheque #3 15 Sold a farm property for Michael Benson, earning commission of $3,000, to be paid in 15 days. Sales Contract #0002. 18 Sold a city loc for Marcel Parent on Sales Contract #0003. Received commission cheque from him for $1,125. -30 Received cheque from Michael Benson for $2.000 on account. 30 Paid Khan's Computer Co. for the balance owing. Issued Cheque 14. 31 Paid telephone bill, $83.90. Issued Cheque #5. (c) Post the journal entries to the ledger accounts as explained and illustrated in this chapter. Be sure to enter appropriate posting references three-line heading PRACTICE EXERCISE 3
