Current Attempt in Progress The following information relates to Bramble Real Estate Agency. Oct. 1 James Bramble begins business as a real estate agent with a cash investment of $21,900. Hires an administrative assistant. Purchases office furniture for $2,774, on account. Sells a house and lot for C. Rouse; bills C. Rouse $5,256 for realty services performed. Pays $1,606 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,650 in salary for October. 2 Oct. 1 3 27 Oct. 2 6 Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debits Credits Debits Credits : : : Affect on Accounts Debit Credit : Debit Debit-Credit Analysis Credit $ $ $ LA A

Current Attempt in Progress The following information relates to Bramble Real Estate Agency. Oct. 1 James Bramble begins business as a real estate agent with a cash investment of $21,900. Hires an administrative assistant. Purchases office furniture for $2,774, on account. Sells a house and lot for C. Rouse; bills C. Rouse $5,256 for realty services performed. Pays $1,606 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,650 in salary for October. 2 Oct. 1 3 27 Oct. 2 6 Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debits Credits Debits Credits : : : Affect on Accounts Debit Credit : Debit Debit-Credit Analysis Credit $ $ $ LA A

Name: Current Attempt in ProgressThe following information relates to Bramb
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Description: Current Attempt in ProgressThe following information relates to Bramble Real Estate Agency.Oct. 1James Bramble begins business as a real estate agent with a cash investment of $21,900.Hires an administrative assistant.Purchases office furniture for

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Journalise the following transactions in the journal of Mr.Jesu and Mr.Ravi. 2004, as partners they started business, October 1 with 25,000 and 15,000 respectively. Oct 5-Opened a current account with BOI 40,000 Oct-10paid rent by cheque for 2,500 Oct-15 Machinery purchased for 20,000 by cheque Oct-20 Amount withdrawn from bank 3,000
Proper Both General Journal and General Ledger from the Transaction Given 1- Accounting period: are the jobs defined by law for a year starting from . and ending On . of each year, as the basis for calculation, the . or profit achieved by the project . 2- On 1/1 the merchant started his business with a capital of (100,000) deposited in the bank. 3- 1\1 The merchant started his business with a capital of (10,000), which 2000 was cash and the rest was opened for the bank account. 4 On 1/1 the trader started his business with the following assets:1,000 cash, 20,000 cars, 4,000 goods, 5,000 furniture, and 3,000 debtors (Ghassan). 5- On 6/20 the trader started his business with the following assets and liabilities: 1600 cash, 2900 goods, 600 furniture, 4000 building, 800 Hassan (debtor), 2,500 Saleh (creditor), 400 Mizzen (creditor). 6- A home furniture dealer bought 200,000 dinars in cash. 7- A furniture dealer bought for an amount of (200,000) dinars trom Al-Amal Company, and he paid half…
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Journal entries
Transactions; Financial Statements On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: Opened a business bank account with a deposit of $25,000 from personal funds. Purchased office supplies on account, $2,540. Paid creditor on account, $1,610. Earned sales commissions, receiving cash, $25,920. Paid rent on office and equipment for the month, $5,080. Withdrew cash for personal use, $8,000. Paid automobile expenses (including rental charge) for the month, $2,440, and miscellaneous expenses, $1,170. Paid office salaries, $3,060. Determined that the cost of supplies on hand was $860; therefore, the cost of supplies used was $1,680. Required: 1. Indicate the effect of each transaction and the balances after each transaction. For those boxes in which no entry is required, leave the box blank. If required, enter negative values as negative numbers. Assets = Liabilities + Owner's Equity Cash +…
Question : 2021 Jan. 1 Rs.200,000 Amir started business with capital of 6. Goods purchased from Rehman on credit for Rs.70,000 9 Cash sales to Farooq Rs.10,000 13 Machinery purchased Rs.67,000 25 Rent to Waris Rs.1000 for building in which business 66 situated. а) Make analysis of above transaction with debit and credit? b) Record the above transaction in Journal chronologically? c) Prepare the T-accounts of Journal (Question 2) and draw the Trial Balances?
Transactions; Financial Statements On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: Opened a business bank account with a deposit of $34,000 from personal funds. Purchased office supplies on account, $3,470. Paid creditor on account, $2,190. Earned sales commissions, receiving cash, $35,390. Paid rent on office and equipment for the month, $6,940. Withdrew cash for personal use, $11,000. Paid automobile expenses (including rental charge) for the month, $3,330, and miscellaneous expenses, $1,590. Paid office salaries, $4,180. Determined that the cost of supplies on hand was $1,170; therefore, the cost of supplies used was $2,300. Required: 1. Indicate the effect of each transaction and the balances after each transaction. For those boxes in which no entry is required, leave the box blank. If required, enter negative values as negative numbers. Assets = Liabilities + Owner's Equity Cash +…