) 27 Paid $790 for advertising to run during June. 29 Received an $90 bill for telephone serviceduring the month of June. (The bill is paid in July.) 30 Paid an administrative assistant $1,750in salary for June. 30 Received $7,730 cash from B. Moore for the June 16 transaction. (a)Journalize the transactions. (Credit account titles are automatically indented when amount isentered. Do not indent manually. If no entry is required, select "No Entry" for the account titlesand enter 0 for the amounts. Record journal entries in the order presented in the problem. Listall debit entries before credit entries.) Selected transactions for Wilson Real Estate Agency during its first month of business follow:June 1 Samantha Wilson opened Wilson Real Estate Agency with an investment of $13, 940cash and $3, 170 of equipment. 2 Paid $1,330 for a one-year insurance policy. 3 Purchasedadditional equipment for $4,710, paying $760 cash and signing a note payable for thebalance. 10 Received $295 cash as a fee for renting an apartment. 16 Sold a house and lot forB. Moore. The commission due from Moore is $7,730. (It is not paid by Moore at this time.

Name: ) 27 Paid $790 for advertising to run during June. 29 Received an $90
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Description: ) 27 Paid $790 for advertising to run during June. 29 Received an $90 bill for telephone serviceduring the month of June. (The bill is paid in July.) 30 Paid an administrative assistant $1,750in salary for June. 30 Received $7,730 cash from B. Moore

Journal entries are the primary reporting of the business transactions in the books of accounts.…

Business

Accounting

Selected transactions for Wilson Real Estate Agency during its first month of business follow: June 1 Samantha Wilson opened Wilson Real Estate Agency with an investment of $13, 940 cash and $3, 170 of equipment. 2 Paid $1,330 for a one-year insurance policy. 3 Purchased additional equipment for $4,710, paying $760 cash and signing a note payable for the balance. 10 Received $295 cash as a fee for renting an apartment. 16 Sold a house and lot for B. Moore. The commission due from Moore is $7,730. (It is not paid by Moore at this time.

Selected transactions for Wilson Real Estate Agency during its first month of business follow: June 1 Samantha Wilson opened Wilson Real Estate Agency with an investment of $13, 940 cash and $3, 170 of equipment. 2 Paid $1,330 for a one-year insurance policy. 3 Purchased additional equipment for $4,710, paying $760 cash and signing a note payable for the balance. 10 Received $295 cash as a fee for renting an apartment. 16 Sold a house and lot for B. Moore. The commission due from Moore is $7,730. (It is not paid by Moore at this time.

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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REQUIREMENT: JOURNAL ENTRIES
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