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Transaction data for Crane Real Estate Agency are presented as follows. Oct. 1 James Crane begins business as a real estate agent with a cash
Transaction data for Crane Real Estate Agency are presented as follows. 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 Pays $1,617 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,675 in salary for October. Jata for M. Sheffield, interior decorator, are presented as follows. Jan. 2 Invested $14,100 cash in business. 3 Purchased used car for $4,230 cash for use in business. 9 Purchased supplies on account for $705. 11 Billed customers $3,384 for services performed. 16 Paid $494 cash for advertising. 20 Received $987 cash from customers billed on January 11. 23 Paid creditor $423 cash on balance owed. 28 Withdrew $1,410 cash for personal use by owner. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entrles in the order presented in the problem. If no entry is required, select "No Entry" for t account titles and enter 0 for the amounts.)
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