Business, 07.01.2021 01:40 ashleyjohnson2002
The following information relates to Sheridan Real Estate Agency.
Oct. 1 James Sheridan begins business as a real estate agent with a cash investment of $17,400.
2 Hires an administrative assistant.
3 Purchases office furniture for $2,204, on account.
6 Sells a house and lot for C. Rouse; bills C. Rouse $4,176 for realty services performed.
27 Pays $1,276 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $2,900 in salary for October.
Prepare the debit-credit analysis for each transaction.
Answers: 1
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The following information relates to Sheridan Real Estate Agency.
Oct. 1 James Sheridan begins busi...
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