Question
Your agency, Entry Real Estate, sold Guiseppe Butler's property at 143 Violet Place, Jacksonville for $800,000 to Sue Smith on the 1st November 2022. There
Your agency, Entry Real Estate, sold Guiseppe Butler's property at 143 Violet Place, Jacksonville for $800,000 to Sue Smith on the 1st November 2022.
There was the usual, initial cash deposit of 0.25% on exchange of contracts.
Four days later Sue paid the remaining balance of the 10% via bank transfer.
Settlement funds were disbursed on the 8th December 2022 along with the agents 2% commission.
Complete the following ledger with the correct information (ensure monetary values are written as follows: $0,000.00 )
BUTLER to SMITH Ledger: #1056 Property:, Jacksonville | |||||
Date | Description | Receipt # Chq/Eft | Method | Amount | Balance |
01/11/2022 | % deposit | 101 | Cash | $
| $
|
05/11/2022 | Balance %
| 107 | Transfer | $
| $
|
| G Butler - funds | 332 | EFT | $
| $
|
| Entry
| 333 | EFT | $
| NIL |
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