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The following information relates to Crane Real Estate Agency. Oct. 1 James Crane begins business as a real estate agent with a cash investment
The following information relates to Crane Real Estate Agency. Oct. 1 James Crane begins business as a real estate agent with a cash investment of $22,050. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,793, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $5,292 for realty services performed. 27 22 Pays $1,617 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,675 in salary for October.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th edition
978-1118344262, 111834426X, 1118162285, 978-1118562208, 1118562208, 978-1118162286
