Short Answer
Journalise the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions.
1. Shareholders invest $35,000 in cash in starting a real estate office operating as a company.
2. Purchased $400 of office supplies on credit.
3. Purchased office equipment for $6,000, paying $2,500 in cash and the remainder on credit. $3,500, loan
4. Real estate commissions invoiced to clients amount to $4,000.
5. Paid $700 in cash for the current month's rent.
6. Paid $200 cash on account for office supplies purchased in transaction 2.
7. Received an account for $500 for advertising for the current month.
8. Paid $2,200 cash for office salaries.
9. Paid $1,200 cash dividends to shareholders.
10. Received a cheque for $3,000 from a client in payment on account for commissions invoiced in transaction 4.
Correct Answer:

Verified
Correct Answer:
Verified
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