Presented below is information related to Lachapelle Real Estate Agency.
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1 |
Arthur Lachapelle begins business as a real estate agent with a cash investment of $15,000. |
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2 |
Hires an administrative assistant. |
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3 |
Purchases office furniture for $1,900, on account. |
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6 |
Sells a house and lot for J. Baxter; bills J. Baxter $3,600 for realty services performed. |
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27 |
Pays $1,100 on the balance related to the transaction of October 3. |
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30 |
Pays the administrative assistant $2,500 in salary for October. |
Instructions
Prepare the debit-credit analysis for each transaction.