Presented below is information related to West Lake Real Estate Agency: Oct. 1 Paul Ebu begins business
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Question:
Presented below is information related to ‘West Lake Real Estate Agency’:
Oct. 1 Paul Ebu begins business as a real estate agent with a cash investment of $22,000
Oct. 2 Paid rent, $700, on office space.
Oct. 3 Purchases office equipment for $2,800, on account.
Oct. 6 Sells a house and lot for Jane Hung ; bills Jane Hung $5,400 for realty services performed.
Oct. 27 Pays $1,100 on the balance related to the transaction of October 3.
Oct. 30 Receives bill for October utilities, $180 (not paid at this time).
Instructions
Journalize the transaction.
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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