Transaction data for Sanculi Real Estate Agency are presented in E2-4. In E2-4, the following information relates
Question:
In E2-4, the following information relates to Sanculi Real Estate Agency.
Oct. 1 Alan Sanculi begins business as a real estate agent with a cash investment of $15,000.
2 Hires an administrative assistant.
3 Purchases office furniture for $1,900 on account.
6 Sells a house and lot for R. Craig; bills R. Craig $3,800 for realty services performed.
27 Pays $1,100 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $2,500 in salary for October.
Instructions
Journalize the transactions. (You may omit explanations.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
General Journal Date Account Titles and Explanation Ref Debits Credit Oct 1 Cash 15000 ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Accounting questions
-
Transaction data for Lachapelle Real Estate Agency are presented in E2-4. In E2-4, Presented below is information related to Lachapelle Real Estate Agency. Oct. 1 Arthur Lachapelle begins business as...
-
Transaction data for Robbins Real Estate Agency are presented in E. Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of $20,000 in exchange for common stock. 2 Hires...
-
Transaction data for McCall Real Estate Agency are presented in E3-8. In E3-8 This information relates to McCall Real Estate Agency. Journalize the transactions. Do not provide explanations. Oct. 1...
-
In Exercises 1126, determine whether each equation defines y as a function of x. x + y = 16
-
Describe a purpose for using these illustrations in a presentation: (a) poster, (b) diagram, and (c) picture.
-
On a particular day a consumer-advice bureau received 125 calls. For a random sample of 40 of these calls, it was found that mean time taken in providing the requested advice was 7.28 minutes, and...
-
The state of Arizona passed Proposition 200 by popular referendum. This law would require an individual to submit proof of citizenship as a condition of registering to vote. By requiring an...
-
Pioneer Parts, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars): Information on January 1...
-
26 The number of protons, neutrons, electrons in some particles are shown in the table below Particle Protons Neutrons electrons P 1 1 2 Q 2 2 2 R 3 4 2 T 4 5 4 Which one of the following particles...
-
What is the importance of the Samwer brothers? What would happen if they left or sold the company?
-
The following information relates to Sanculi Real Estate Agency. Oct. 1 Alan Sanculi begins business as a real estate agent with a cash investment of $15,000. 2 Hires an administrative assistant. 3...
-
Marx Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $3,100 cash for a computer. 3. Purchased $850 of supplies on account. Instructions (a)...
-
The speed of sound is given by the relationship where C P is the constant pressure heat capacity (equal to C V + R), R is the ideal gas constant, T is temperature, and M is molar mass. a. What is the...
-
A companys competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services. specifies the portfolio of new products that it will try to develop....
-
Jim Lane is an executive with General Electric. A former coworker of his recently started a company and raised $1 million from a well-known angel investor even though he didnt need the money to...
-
Suppose that the value of the S&P 500 stock index is 2,000. a. If each E-mini futures contract (with a contract multiplier of $50) costs $25 to trade with a discount broker, how much is the...
-
Desert Trading Company has issued $100 million worth of long-term bonds at a fixed rate of 7%. The firm then enters into an interest rate swap where it pays LIBOR and receives a fixed 6% on notional...
-
Suppose that the spot price of the euro is currently $1.10. The 1-year futures price is $1.15. Is the interest rate higher in the United States or the euro zone?
-
Consider a modified form of Couette flow in which there are two immiscible fluids sandwiched between two infinitely long and wide, parallel flat plates (Fig. P9104). The flow is steady,...
-
What are the key dimensions of critical thinking 2. Watch the NBC Learn video on Diet Scams. What types of claims are made in this video Are they valid Elaborate on your responses. Discuss this video...
-
(a) What are the principal differences between activity based costing (ABC) and traditional product costing? (b) What assumptions must be met for ABC costing to be useful?
-
Indicate whether each of the following statements is true or false. 1. Just-in-time processing is also known as just-in-case processing. 2. Companies that use just-in-time processing complete...
-
The following is a list of terms related to performance evaluation. (1) Balanced scorecard (2) Variance (3) Learning and growth perspective (4) Nonfinancial measures (5) Customer perspective (6)...
-
a) Based on the information provided in the table below: i. Describe the impact of the cost behavior on economies of scale, constant returns to scale, and diseconomies of scale in each firm?...
-
Use the following information to answer questions below: Total current assets Total non-current assets Total current liabilities Long-term borrowings Share capital Revenue Gross profit Retained...
-
A Public Information Officer ( PIO ) for a public safety or emergency management agency might expect to spend what portion of his or her time on activities directly related to incident response or...
Study smarter with the SolutionInn App