Journal Entries | |||
Date | Account Titles | Debit | Credit |
Oct. 1 | Cash | ¥237,440 | |
Common Stock | ¥237,440 | ||
(To record the cash invested in the business) | |||
Oct. 2 | No Entry | ¥0 | |
It is not a transaction, hence, no entry is prepared | ¥0 | ||
Oct. 3 | Furniture | ¥22,557 | |
Accounts Payable | ¥22,557 | ||
(To record the purchase of furniture on account) | |||
Oct. 6 | Accounts Receivable | ¥37,990 | |
Service Revenue | ¥37,990 | ||
(To record the services provided on account) | |||
Oct. 27 | Accounts Payable | ¥10,091 | |
Cash | ¥10,091 | ||
(To record the payment of accounts payable) | |||
Oct. 30 | Salaries Expense | ¥29,680 | |
Cash | ¥29,680 | ||
(To record the payment of salaries expense) |
Question 2 Presented below is information related to Shamrock, Inc. Oct. 1 Lynn Robbins begins business...
Question 2 Presented below is information related to Shamrock, Inc. Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of ¥237,440 in exchange for ordinary shares. 2 Hires an administrative assistant. 3 Purchases office furniture for ¥22,557, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig ¥37,990 for realty services performed. 27 Pays X10,091 on the balance related to the transaction of October 3. 30 Pays the administrative assistant...
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...
Question 2 Presented below is information related to Splish Brothers Inc. Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of ¥203,400 in exchange for ordinary shares. 2 Hires an administrative assistant. 3 Purchases office furniture for $19,323, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig ¥32,544 for realty services performed. 27 Pays ¥8,645 on the balance related to the transaction of October 3. 30 Pays the administrative...
Presented below is information related to Larkspur, Inc.. Oct. 1 Larkspur begins business as a real estate agent with a cash investment of $28.490 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $3,276, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig $5,128 for realty services performed. 27 Pays $1,211 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3.561 in salary...
Current Attempt in Progress Presented below is information related to Oriole Company. Oct. 1 2 3 6 Diane Lexington begins business as a real estate agent with a cash investment of $29,358 in exchange for common stock Hires an administrative assistant Purchases office furniture for $3,376, on account Sells a house and lot for N. Fennig; bills N. Fennig $5.284 for realty services performed. Pays $1.248 on the balance related to the transaction of October 3. Pays the administrative assistant...
Presented below is information related to Pharoah Company. Oct. 1 2 3 Diane Lexington begins business as a real estate agent with a cash investment of $20,700 in exchange for common stock. Hires an administrative assistant. Purchases office furniture for $1,800, on account. Sells a house and lot for N. Fennig: bills N. Fennig $3,900 for realty services performed. Pays $1.500 on the balance related to the transaction of October 3. Pays the administrative assistant $2,850 in salary for October...
Exercise 2 Presented below is information related to Lexington Real Estate Agency de 1 Diane l ex ngton begins business as a real estate agent with a cash investment of $17,400 İn exchange for common stock. 2 Hires an administrative assistant. office furniture for $1,950, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig $3,850 for realty services performed 27 Pays $600 on the balance related to the transaction of October 3. 30 Pays the...
The following information relates to Bonita Real Estate Agency. Oct. 1 2 3 James Bonita begins business as a real estate agent with a cash investment of $17,700. Hires an administrative assistant. Purchases office furniture for $2,242, on account. Sells a house and lot for C. Rouse; bills C. Rouse $4,248 for realty services performed. Pays $1,298 on the balance related to the transaction of October 3. Pays the administrative assistant $2,950 in salary for October. 6 27 30 Journalize...
Presented below is information related to Conan Real Estate Agency. Oct. 1 - Arnold Conan begins business as a real estate agent with a cash investment of $18,000 in exchange for common stock. 2 - Hires an administrative assistant. 3 - Purchases office equipment for $1,700, on account. 6 – Sells a house and lot to John Homes; bills Homes $4,200 for realty services performed. 27 – Pays $900 on the balance related to the...
Presented below is information related to Larkspur Company Oct. 1 2 3 6 Diane Lexington begins business as a real estate agent with a cash investment of $28,490 in exchange for common stock. Hires an administrative assistant Purchases office furniture for $3,276, on account. Sells a house and lot for N. Fennig; bills N. Fennig $5,128 for realty services performed. Pays $1,211 on the balance related to the transaction of October 3. Pays the administrative assistant $3,561 in salary for...