Transaction data for Yansheng Real Estate are presented in E2.4. Instructions Journalize the transactions. (You may omit
Question:
Transaction data for Yansheng Real Estate are presented in E2.4.
Instructions
Journalize the transactions. (You may omit explanations.)
Data From Exercises 4
The following information relates to Yansheng Real Estate.
Oct. 1 Biao Yansheng begins business as a real estate agent with a cash investment of HK$17,000.
2 Hires a part-time administrative assistant.
3 Purchases supplies for HK$1,900, on account.
6 Sells a house and lot for C. Chow; bills C. Chow HK$3,800 for realty services performed.
27 Pays HK$1,300 on the balance related to the transaction of October 3.
30 Pays the administrative assistant HK$2,500 in salary for October.
Step by Step Answer:
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt