You have been hired as a newly formed real estate company called Chester Real Estate Company Ltd. the following business transactions occurred during month of Sept 2020

Shareholders invest $50,000 in cash for 10,000 common shares to start a real estate office.

2. Signed a lease for office space.

3. Paid $200 cash for office supplies

4. Purchased office equipment for $6,000, paying $2,500 in cash and signing a 30-day, note payable for the remainder.

5. Purchased $100 of office supplies on account.

6. Real estate commissions billed to clients amount to $5,400.

7. Paid $700 in cash for the current month's rent.

Record transactions of Sept. 2020

Must indent all credit accounts

Being cash account name with Capital letters

Begin each journal entry with debits

If a description does not match the definition of a transaction and therefore no journal entry required indicates no entry

8. Paid $50 cash on account for office supplies purchased in transaction 5.

9. Received a bill for $500 for advertising for the current month.

10. Paid $2,500 cash for office salaries.

11. Paid $1,000 cash dividends to shareholders.

12. Received a cheque for $3,000 from a client in payment on account for commissions billed in transaction 6.