E24 (LO 1) The following information relates to Royale Real Estate Agency. Oct. ! James Royale begins business as a real estate agent with a cash investment of $17,(00. 2 Hires an administrative assistant. Purchases office furniture for S1,900, on account. Sells a house and lot for C. Rouse; bills C. Rouse S3S00 for realty services performed. 27 Pays S1,30 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2.500 in salary for October. 6 Instructions Prepare the debit-credit analysis for each transaction as illustrated in the textbook.
E24 (LO 1) The following information relates to Royale Real Estate Agency. Oct. ! James Royale begins business as a real estate agent with a cash investment of $17,(00. 2 Hires an administrative assistant. Purchases office furniture for S1,900, on account. Sells a house and lot for C. Rouse; bills C. Rouse S3S00 for realty services performed. 27 Pays S1,30 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2.500 in salary for October. 6 Instructions Prepare the debit-credit analysis for each transaction as illustrated in the textbook.
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 44P
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