Question
Sullivan realty mini test, please help me journalize transaction and post to ledger accounts. and finally make a trail balance. I've attached the chart of
Sullivan realty mini test, please help me journalize transaction and post to ledger accounts. and finally make a trail balance. I've attached the chart of accounts. The number in front of the transactions are the dates of the transactions. June 1 John Sullivan invested $9,000 cash in the real estate agency along with $4,000 of office equipment. 1 Rented office space and paid three months advance rent, $3,000. 1 Bought an automobile on account, $14,000. 4 Purchased office suppliesfor cash, $300. 5 Purchased additional office supplies on account, $150. 6 Sold a house and collected a $6,000 commission. 8 Paid gas bill, $22. 15 Paid the salary of the office secretary, $350 17 Sold a building lot and earned a commission, $6,500. Payment to be received on July 8, 2008. 20 John Sullivan withdrew $1,000 from the business to pay personal expenses. 21 Sold a house and collected a $3,500 commission. 22 Paid gas bill, $25. 24 Paid $600 to repair automobile. 30 Paid the salary of the office secretary, $350. 30 Paid the June telephone bill, $510. 30 Received advertising bill for June, $1,200. The bill is to be paid on July 2,
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