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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Journalise the Following Business Transactions in General Journal Form