Question: Page 1 Q e- Q Some updates could not be instal Abdullah begins business as a real estate agent, named Sanctuary Real Estate Agency. The

 Page 1 Q e- Q Some updates could not be instal
Abdullah begins business as a real estate agent, named Sanctuary Real Estate

Page 1 Q e- Q Some updates could not be instal Abdullah begins business as a real estate agent, named Sanctuary Real Estate Agency. The following are transactions occurred during his first month of business: Date Transactions Jan 1 Abdullah invests $22,000 in cash to start his business on January 1, 2021. 2 Hired an administrative assistant at a salary of $2,000 per month 6 Purchased office equipment for $5,500 from Good Furniture, paying $2,000 in cash and the balance of on account. 15 Paid $2,500 cash for rent expense. 16 Purchased supplies on account for $1,200 21 Billed $1,300 to customers for services performed 23 Incurred utility expenses for month on account $1,000 30 Received $1,000 cash from the customers who have previously been billed in transaction Jan 21. I REQUIRED: a. Prepare journal entries to record each transaction occurred during January 2021. b. Post the transaction to ledger c. Prepare trial balance as at 31 January 2021. Id MacBook Air 30 24 da DO DH HE Fo YL % A ) 3 S 4 E & 7 V 5 0 6 7 8

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!