Journalize the transactions. Oct.  1Diane Lexington begins business as a real estate agent with a cash investment of $20,000 in exchange for common stock.
2Hires an administrative assistant.
3Purchases office furniture for $2,300, on account.
6Sells a house and lot for N. Fennig; bills N. Fennig $3,600 for realty services performed.
27Pays $850 on the balance related to the transaction of October 3.
30
Pays the administrative assistant $2,500 in salary for October.

DateAccount TitlesRef. DebitCredit
Oct. 1
2
3
6
27
30

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?