Question: Transaction data for Robbins Real Estate Agency are presented in E. Oct. 1 Lynn Robbins begins business as a real estate agent with a cash
Transaction data for Robbins Real Estate Agency are presented in E.
Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of $20,000 in exchange for common stock.
2 Hires an administrative assistant.
3 Purchases office furniture for $1,900, on account.
6 Sells a house and lot for N. Fennig; bills N. Fennig $3,200 for realty services provided.
27 Pays $850 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $2,500 in salary for October.
Instructions
Journalize the transactions. (You may omit explanations.)
Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of $20,000 in exchange for common stock.
2 Hires an administrative assistant.
3 Purchases office furniture for $1,900, on account.
6 Sells a house and lot for N. Fennig; bills N. Fennig $3,200 for realty services provided.
27 Pays $850 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $2,500 in salary for October.
Instructions
Journalize the transactions. (You may omit explanations.)
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