Question

Presented below is information related to Tamarisk, Inc. Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of ¥240,180 in exchange for ordinary shares. 2 Hires an administrative assistant. 3 Purchases office furniture for ¥22,817, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig ¥38,429 for realty services performed. 27 Pays \10,208 on the balance related to the transaction of October 3. 30 Pays the administrative assistant ¥30,023 in salary for October. Journalize the transactions. (Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Oct. 1 v Cash 240180 240180 Oct. 2 0 0

Answer 1

Date Account Titles Debit Credit 240,180 Oct-01 Cash Common Stock 240,180 Oct-02 No journal entry 22,817 Oct-03 Office Furniture Accounts Payable 22,817 38,429 Oct-06 Accounts Receivable Service Revenue 38,429 10208 Oct-27 Accounts Payable Cash 10208 30,023 Oct-30 Salaries Expense Cash 30,023