Presented below is information related to Beijing Real Estate Agency Ltd. Oct. 1 Lynn Robbins begins 1 answer below »
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Presented below is information related to Beijing Real Estate Agency Ltd. Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of ¥200,000 in exchange for ordinary shares. 2 Hires an administrative assistant. 3 Purchases office furniture for ¥19,000, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig ¥32,000 for realty services performed. 27 Pays ¥8,500 on the balance related to the transaction of October 3. 30 Pays the administrative assistant ¥25,000 in salary for October. Instructions Prepare the debit-credit analysis for each transaction as illustrated on pages 65-70.
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