Exercise 2-5

Presented below is information related to Lachapelle Real Estate Agency.

Oct. 1   Arthur Lachapelle begins business as a real estate agent with a cash investment of $20,055.
2   Hires an administrative assistant.
3   Purchases office furniture for $2,540, on account.
6   Sells a house and lot for J. Baxter; bills J. Baxter $4,813 for realty services performed.
27   Pays $1,471 on the balance related to the transaction of October 3.
30   Pays the administrative assistant ,343 in salary for October.

 

Never use plagiarized sources. Get Your Original Essay on
Business Finance – Accounting Assignment
Hire Professionals Just from $11/Page
Order Now Click here

Need a custom written plagiarism free essay? Click here to order now.

Open chat
Lets chat on via WhatsApp
Hello, Welcome to our WhatsApp support. Reply to this message to start a chat.