Presented below is information related to Lexington Real Estate Agency.
Oct. 1 Diane Lex...
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Presented below is information related to Lexington Real Estate Agency.
Oct. 1 Diane Lexington 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 $2,300, on account.
6 Sells a house and lot for N. Fennig; bills N. Fennig $3,600 for realty services performed.
27 Pays $850 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $2,500 in salary for October.
Journalize the transactions.
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Answers: 2
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