E2-5 Transaction data for Hanshew Real Estate Agency are presented in E2-4.
Instructions:
Journalize the transactions. (You may omit explanations.)
(data from E2-4)
Oct. 1 Pete Hanshew begins business as a real estate agent with a cash investment of $15,000
in exchange for common stock.
2 Hires an administrative assistant.
3 Purchases office furniture for $1,900, on account.
6 Sells a house and lot for B. Kidman; bills B. Kidman $3,200 for realty services provided.
27 Pays $700 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $2,500 in salary for October
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