1 Diane Lexington begins business as a real estate agent with a cash investment of $19,900 in exchange for common stock.
2 Hires an administrative assistant.
3 Purchases office furniture for $2,100, on account.
6 Sells a house and lot for N. Fennig; bills N. Fennig $3,250 for realty services performed.
27 Pays $900 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $2,650 in salary for October.
Required:
Journalize the transactions.
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Home » Business » Information related to Sheridan Company: Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $19,900 in exchange for common stock. 2 Hires an administrative assistant.