The accounts in the Sales trust ledger are as follows: -

700 Trust Bank Account $ 218,000.00 Debit

710 Harvey to Austin 80,500.00 Credit

720 Melisa to Lyn 77, 000.00 Credit

730 Grant to Jan 50, 000.00 Credit

740 Moore - Auction expenses 10,500.00 Credit

Payments to be made from the Sales Trust Account are: -
16th Settlement occurred between W Harvey and D Austin. The initial deposit plus $226 interest was re-banked
into the Trust Account. Sales commission was $12, 500 with the appropriate balance of funds being sent
to the two parties involved.

16th

The sale of 50 Rockdale Street, Rockdale regarding Grant to Jan was settled and the vendor's solicitor

requested the deposit to be released after commission had been deducted.

The commission amounted to $1, 800.

16th Funds held on behalf of T Moore were for advertising. Paid Pleasure News from this amount, the sum of
$850.00

first one calculation like this : TOTAL AMOUNT OF MONEY IN LEDGER = $80,500.00 (Interest was recovered of $226.00 - so now the ledger sits at $80,726) D Austin will receive half the interest of $113.00 Think real estate will receive $12,500.00 in commission Harvey will receive the balance of funds (total ledger amount minus 1/2 of the interest minus the commission) = $68,113.00 You should be entering all of these transactions into the Daily payment sheet

	supreme realty sales trust account
	Daily Payment Sheet for Trust Account Payments
date	transactions checked
No.	payment to	for	account	balance	amount