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Selected transactions for Garcia Real Estate Agency during its first month of business follow: June 1 Samantha Garcia opened Garcia Real Estate Agency with an
Selected transactions for Garcia Real Estate Agency during its first month of business follow: June 1 Samantha Garcia opened Garcia Real Estate Agency with an investment of \$14,780 cash and \$3,410 of equipment. 2 Paid $1,450 for a one-year insurance policy. 3 Purchased additional equipment for $4,650, paying $915 cash and signing a note payable for the balance. 10 Received $340 cash as a fee for renting an apartment. 16 Sold a house and lot for B. Lewis. The commission due from Lewis is $7,950. (It is not paid by Lewis at this time.) 27 Paid $515 for advertising to run during June. 29 Received an $65 bill for telephone service during the month of June. (The bill is paid in July.) 30 Paid an administrative assistant $1,620 in salary for June. 30 Received $7,950 cash from B. Lewis for the June 16 transaction. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
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