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Selected transactions for Jones Real Estate Agency during its first month of business follow: June 1 Samantha Jones opened Jones Real Estate Agency with an
Selected transactions for Jones Real Estate Agency during its first month of business follow: June 1 Samantha Jones opened Jones Real Estate Agency with an investment of $13,350 cash and $2,550 of equipment. 2 Paid $1,030 for a one-year insurance policy. 3 Purchased additional equipment for $4,980, paying $800 cash and signing a note payable for the balance. 10 Received $255 cash as a fee for renting an apartment. 16 Sold a house and lot for B. Brown. The commission due from Brown is $7,310. (It is not paid by Brown at this time.) 27 Paid $535 for advertising to run during June. 29 Received an $80 bill for telephone service during the month of June. (The bill is paid in July.) 30 Paid an administrative assistant $2,140 in salary for June. 30 Received $7,310 cash from B. Brown 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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