Question

The following information relates to Bonita Real Estate Agency. Oct. 1 2 3 James Bonita begins business as a real estate agent with a cash investment of $17,700. Hires an administrative assistant. Purchases office furniture for $2,242, on account. Sells a house and lot for C. Rouse; bills C. Rouse $4,248 for realty services performed. Pays $1,298 on the balance related to the transaction of October 3. Pays the administrative assistant $2,950 in salary for October. 6 27 30 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit v

Answer 1

Date	Particulars	Debit	Particulars	Credit
October 1	Cash Account	$17,700	Bonita Real Estate Agency Capital Account	$17,700
October 2	No Entry
October 3	Office Furniture Account	$2,242	Creditor Account	$2,242
October 6	Cash Account (Assuming Cash Sales to C.Rouse)	$4,248	Sales Account	$4,248
October 27	Creditor Account (For Payment of Office Furniture)	$1,298	Cash Account	$1,298
October 30	Salaries Account	$2,950	Cash Account	$2,950