The following information relates to Sunland Real Estate Agency Oct. 1 2 3 6 27 30 James Sunland begins business as a real estate agent with a cash investment of $19.350. Hires an administrative assistant. Purchases office furniture for $2,451, on account. Sells a house and lot for C. Rouse: bills C. Rouse $4,644 for realty services performed. Pays $1,419 on the balance related to the transaction of October 3 Pays the administrative assistant $3,225 in salary for October. Prepare the debit credit analysis for each transaction. If no entry is required, select "No Entry

The following information relates to Sunland Real Estate Agency Oct. 1 2 3 6 27 30 James Sunland begins business as a real estate agent with a cash investment of $19.350. Hires an administrative assistant. Purchases office furniture for $2,451, on account. Sells a house and lot for C. Rouse: bills C. Rouse $4,644 for realty services performed. Pays $1,419 on the balance related to the transaction of October 3 Pays the administrative assistant $3,225 in salary for October. Prepare the debit credit analysis for each transaction. If no entry is required, select "No Entry

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter2: Analyzing Transactions Into Debit And Credit Parts

Section: Chapter Questions

Problem 1MP

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