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3 years ago

Thiss information relates to McCall Real Estate Agency.

1 answer:

3 0

Let understand that "journal" means a detailed account used to records all the financial transactions of a business.

The journal have a debit and credit.

Here, a "general journal account" will be employed to contain the list of information from McCall Real Estate Agency.

Journal Entry

Date Account titles Debit Credit

Oct 01 Cash $33,380

Common Stock $33,380

Oct 02 No Entry $0

No Entry $0

Oct 03 Furniture $4,060

Account Payable $4,060

Oct 06 Accounts receivable $10,630

To Service revenue $10,630

Oct 10 Cash $240

To Service revenue $240

Oct 27 Account Payable $680

To Cash $680

Oct 30 Salary expense $3,110

To Cash $3,110

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