Presented below is information related to Shanghai Real Estate Agency. Oct. 1 Pete Hanshew begins business as

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Presented below is information related to Shanghai Real Estate Agency.
Oct. 1 Pete Hanshew begins business as a real estate agent with a cash investment of ¥150,000 in exchange for ordinary shares.
2 Hires an administrative assistant.
3 Purchases office furniture for ¥19,000 on account.
6 Sells a house and lot for B. Kidman; bills B. Kidman ¥32,000 for realty services provided.
27 Pays ¥7,000 on the balance related to the transaction of October 3.
30 Pays the administrative assistant ¥25,000 in salary for October.
Instructions Prepare the debit-credit analysis for each transaction as illustrated shown below.

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Related Book For  answer-question

Financial accounting

ISBN: 978-1118285909

IFRS Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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