Answer:
Cash 30,000 debit (+A)
Comon Stock 30,000 Credit (+SE)
furtniture 4,600 debit (+A)
accounts payable 4,600 (+L)
accounts receivables 10,800 debit (+A)
commisions revenue 10,800 (+R)
cash 140 debit (+A)
commisions revenue 140 (+R)
Accounts payable 700 debit (-L)
cash 700 credit (-A)
salaries expense 3,500 debit (+E)
cash 3,500 credit (+A)
Explanation:
Assets (A) and Expenses (E) will icnrease form debit and decrease from credit
Liabilities (L) Revenues (R) and Stochholder equity (SE) will icnrease from credit and decrease from debit
The journal entries must be done considering the rule debit = credit all the times
