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Accounting Problem: E2-3 Presented below is information related to Robbins Real Estate Agency, Inc.

Term Paper Number
898599454
Term Paper Description
Accounting Problem: E2-3 Presented below is information related to Robbins Real Estate Agency, Inc.
Publish Year
2008
Academy
University of Phoenix
Course
ACCT 362
Number Of Pages
3
Number Of Words
640
Price
20 $ (USD)
Keywords
E2-3, Robbins Real Estate Agency, Inc
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Paper Abstract

Chapter 2 of the text, Financial Accounting 5th ed: Exercise 2-3

E2-3 Presented below is information related to Robbins Real Estate Agency, Inc.

Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of $20,000 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 $2,000 in salary for October.

Instructions

Prepare the debit-credit analysis for each transaction as illustrated on pages 62–66.



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