Fill in each blank space with the missing answer Your agency, Entry Real Estate, sold Guiseppe Butler's property at 143 Violet Place, Jacksonville for $800,000 to Sue Smith on the 1st November 2022. There was the usual, initial cash deposit of 0.25% on exchange of contracts. Four days later Sue paid the remaining balance of the 10% via bank transfer. Settlement funds were disbursed on the 8th December 2022 along with the agents 2% commission. Complete the following ledger with the correct information (ensure monetary values are written as follows: $0,000.00) BUTLER to SMITH Property: Date 01/11/2022 05/11/2022 Balance G Butler- Entry , Jacksonville Description % deposit % Receipt # Chq/Eft 101 107 funds 332 333 Method Cash Transfer EFT EFT $ $ $ $ Amount Ledger: #1056 $ $ $ NIL Balance

Fill in each blank space with the missing answer Your agency, Entry Real Estate, sold Guiseppe Butler's property at 143 Violet Place, Jacksonville for $800,000 to Sue Smith on the 1st November 2022. There was the usual, initial cash deposit of 0.25% on exchange of contracts. Four days later Sue paid the remaining balance of the 10% via bank transfer. Settlement funds were disbursed on the 8th December 2022 along with the agents 2% commission. Complete the following ledger with the correct information (ensure monetary values are written as follows: $0,000.00) BUTLER to SMITH Property: Date 01/11/2022 05/11/2022 Balance G Butler- Entry , Jacksonville Description % deposit % Receipt # Chq/Eft 101 107 funds 332 333 Method Cash Transfer EFT EFT $ $ $ $ Amount Ledger: #1056 $ $ $ NIL Balance

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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Question

CPPREP4005 Prepare to work with real estate trust accounts - ACT
Fill in each blank space with the missing answer
Your agency, Entry Real Estate, sold Guiseppe Butler's property at 143 Violet Place, Jacksonville for $800,000 to
Sue Smith on the 1st November 2022.
There was the usual, initial cash deposit of 0.25% on exchange of contracts.
Four days later Sue paid the remaining balance of the 10% via bank transfer.
Settlement funds were disbursed on the 8th December 2022 along with the agents 2% commission.
Complete the following ledger with the correct information (ensure monetary values are written as follows:
$0,000.00)
BUTLER to SMITH
Property:
Date
01/11/2022
05/11/2022
Balance
G Butler-
Entry
04
Jacksonville
Description
% deposit
%
Receipt #
Chq/Eft
101
107
funds 332
333
Method
Cash
Transfer
EFT
EFT
$
Amount
< Previous
Ledger: #1056
$
es es
$
INIL
Balance
Exit →
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CPPREP4004-L....pdf
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