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3 years ago

This information relates to Monty Real Estate Agency for the month of October, 2022.

Business

1 answer:

Darina [25.2K]3 years ago

7 0

Answer:

Oct 1 Cash $37000 Dr

Common Stock $37000 Cr

Oct 3 Equipment Account $4400 Dr

Accounts Payable $4400 Cr

Oct 6 Accounts Receivable $10500 Dr

Commission Revenue $10500 Cr

Oct 10 Cash $190 Dr

Commission Revenue $190 Cr

Oct 27 Accounts Payable $880 Dr

Cash $880 Cr

Oct 30 Salary Expense $3000 Dr

Cash $3000 Cr

Explanation:

The event on October 2 of hiring an administravtive assistant is not a financial event so it will not be recoreded and journalized. All the other transactions are recorded and journalized.

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