On April 1, 202X 202X , Jay Sappas opened a real estate office called Sappas Realty. The following transactions were completed for the month of April : Jounalize transactions and post to ledger accounts April 4: Purchased office supplies from Office Haven for cash, $400. April 5: Purchased additional office supplies from Office Haven, on account, $150. April 6: Sold a house to Billy Beck and collected a $4,000 commission. April 8: Paid gas bill to Ulli Gas Corp, $18. April 15: Paid Rosie Petrillo, administrative assistant, $450. April 17: Sold a building lot to West Land Developers and earned a commission, $5,500; payment to be received on May 8. April 20: Jay Sappas withdrew $5,000 from the business to pay personal expenses. April 21: Sold a house to Laura Harrison and collected a $3,500 commission. April 22: Paid gas bill, $25, to Ulli Gas Corp April 24: Paid Lexus East $ 400 to repair automobile. April 30: Paid Rosie Petrillo, administrative assistant, $450. April 30: Paid CellService Inc. April cell phone bill, $290. April 30: Received digital advertising bill for April $900, from Hudson Reader. The bill is to be paid on May 2.
On April 1, 202X 202X , Jay Sappas opened a real estate office called Sappas Realty. The following transactions were completed for the month of April : Jounalize transactions and post to ledger accounts April 4: Purchased office supplies from Office Haven for cash, $400. April 5: Purchased additional office supplies from Office Haven, on account, $150. April 6: Sold a house to Billy Beck and collected a $4,000 commission. April 8: Paid gas bill to Ulli Gas Corp, $18. April 15: Paid Rosie Petrillo, administrative assistant, $450. April 17: Sold a building lot to West Land Developers and earned a commission, $5,500; payment to be received on May 8. April 20: Jay Sappas withdrew $5,000 from the business to pay personal expenses. April 21: Sold a house to Laura Harrison and collected a $3,500 commission. April 22: Paid gas bill, $25, to Ulli Gas Corp April 24: Paid Lexus East $ 400 to repair automobile. April 30: Paid Rosie Petrillo, administrative assistant, $450. April 30: Paid CellService Inc. April cell phone bill, $290. April 30: Received digital advertising bill for April $900, from Hudson Reader. The bill is to be paid on May 2.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
On April 1, 202X 202X , Jay Sappas opened a real estate office called Sappas Realty. The following transactions were completed for the month of April :
Jounalize transactions and post to ledger accounts
April 4: Purchased office supplies from Office Haven
for cash, $400.
April 5: Purchased additional office supplies from
Office Haven, on account, $150.
April 6: Sold a house to Billy Beck and collected a
$4,000 commission.
April 8: Paid gas bill to Ulli Gas Corp, $18.
April 15: Paid Rosie Petrillo, administrative assistant, $450.
April 17: Sold a building lot to West Land Developers and earned a commission, $5,500; payment to be received on May 8.
April 20: Jay Sappas withdrew $5,000 from the business to pay personal expenses.
April 21: Sold a house to Laura Harrison and collected a $3,500 commission.
April 22: Paid gas bill, $25, to Ulli Gas Corp
April 24: Paid Lexus East $ 400 to repair automobile.
April 30: Paid Rosie Petrillo, administrative assistant, $450.
April 30: Paid CellService Inc. April cell phone bill, $290.
April 30: Received digital advertising bill for
April $900, from Hudson Reader. The bill is to be paid on May 2.
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