Question: Current Attempt in Progress Selected transactions for Wilson Real Estate Agency during its first month of business follow: June 1 Samantha Wilson opened Wilson Real
Current Attempt in Progress Selected transactions for Wilson Real Estate Agency during its first month of business follow: June 1 Samantha Wilson opened Wilson Real Estate Agency with an investment of $13,940 cash and $3,170 of equipment. 2 Paid $1,330 for a one-year insurance policy. 3 Purchased additional equipment for $4,710, paying $760 cash and signing a note payable for the balance. 10 Received $295 cash as a fee for renting an apartment. 16 Sold a house and lot for B. Moore. The commission due from Moore is $7,730. (It is not paid by Moore at this time.) 27 Paid $790 for advertising to run during June. 29 Received an $90 bill for telephone service during the month of June. (The bill is paid in July.) 30 Paid an administrative assistant $1,750 in salary for June. 30 Received $7,730 cash from B. Moore for the June 16 transaction.(a) Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles Debit Credit June 1 Cash 13,940 S. Wilson, Capital 3,170 Equipment 17,110 June 2 Prepaid Insurance v 1,330 Cash 1,330 June 3 v Equipment 4,710 Cash 760 Notes Payable 3,950 June 10 v Cash 295 Service Revenue 295 June 16 v Accounts Receivable 7,730 Service Revenue 7,730 June 27 v Advertising Expense 790 Cash 790Question 2 of 6
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