ournalize the transactions for the sheet June 1 Samantha Miller opened Miller Real Estate Agency with an investment of $13,220 cash and $2,850 of equipment. 2 Paid $1,260 for a one-year insurance policy. 3 Purchased additional equipment for $4,520, paying $760 cash and signing a note payable for the balance. 10

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter9: Obtaining Affordable Housing
Section: Chapter Questions
Problem 5DTM
icon
Related questions
Question

Journalize the transactions for the sheet

June 1
Samantha Miller opened Miller Real Estate Agency with an investment of $13,220 cash and $2,850 of equipment.
2
Paid $1,260 for a one-year insurance policy.
3
Purchased additional equipment for $4,520, paying $760 cash and signing a note payable for the balance.
10
Received $355 cash as a fee for renting an apartment.
16
Sold a house and lot for B. Wilson. The cormmission due from Wilson is $7,330. {It is not paid by Wilson at this time.)
27
Paid $750 for advertising to run during June.
29
Received an $80 bill for telephone service during the month of June. (The bill is paid in July)
30
Paid an administrative assistant $2,390 in salary for June.
30
Received $7,330 cash from B. Wilson for the June 16 transaction.

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting Changes and Error Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage