Transaction data for Royale Real Estate Agency are presented in E2.4. Instructions Journalize the transactions. E2.4 Oct.

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Transaction data for Royale Real Estate Agency are presented in E2.4.


Instructions
Journalize the transactions.


E2.4

Oct. 1 James Royale begins business as a real estate agent with a cash investment of $17,000.
2 Hires an administrative assistant.
3 Purchases office furniture for $1,900, on account.
6 Sells a house and lot for C. Rouse; bills C. Rouse $3,800 for realty services performed.
27 Pays $1,300 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $2,500 in salary for October.

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Accounting Principles

ISBN: 978-1119411482

13th edition

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

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