Presented below is information related to hanshew real

Assignment Help Accounting Basics
Reference no: EM131138581

Presented below is information related to Hanshew Real Estate Agency.

Oct. 1 Pete Hanshew begins business as a real estate agent with a cash investment of $15,000.
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 $2,500 in salary for October.

Instructions

Prepare the debit-credit analysis for each transaction as illustrated on pages 61-66. 

Reference no: EM131138581

Questions Cloud

Transaction data for hanshew real estate agency : Transaction data for Hanshew Real Estate Agency are presented in E2-4.
What would be the unemployment rate : Assuming the total population is 150 million, the labor force is 100 million, and 94 million workers are employed, What would be the unemployment rate?
Which track hoe should your company choose : The operator costs $28.00 per hour. The revenue from either track hoe is $95.00 per hour. Using a useful life of four years, a salvage value equal to 20% of the purchase price, 1,200 billable hours per year, and a MARR of 20%, calculate the NPV for b..
Determine the stability of the cantilever wall : Determine the stability of the cantilever wall shown in Figure P15.10 and sketch a drainage system to prevent buildup of pore water pressures behind the wall.
Presented below is information related to hanshew real : Prepare the debit-credit analysis for each transaction as illustrated on pages 61-66.
What is the real average hourly wage : What is the real average hourly wage in 2009?- What can be said about real average hourly earnings and nominal average hourly earning between 2008 and 2010?
Explain importance of marketing in organizational success : Include in your paper your personal definition of marketing and definitions from two different sources. Based on these definitions, explain the importance of marketing in organizational success. Provide at least three examples from the business wo..
Describe how each element is implemented : In addition, select an organization with which you are familiar and describe how each one of the four elements of the marketing mix affects the development of the organization's marketing strategy and tactics. Describe how each element is implement..
Description of the new product or service : Create a new product or service for an existing organization. This product or service will be the basis for your Marketing Plan Paper. Obtain your instructor's approval of your product or service before beginning this project.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Interest from chase savings bank on a joint account

? Use the following information to complete Phillip and Claire Dunphy's 2015 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. Ignore the alternative minimum tax for this problem.

  Pacific products inc completed and transferred 55000

pacific products inc. completed and transferred 55000 particle board units of production from the pressing department.

  Design a degenerate dna probe

Design a degenerate DNA probe you could use to isolate a clone encoding for the following peptide.

  Value of a two-month european

What should be the value of a two-month European call option with an exercise price of Rs 65? What is the value of a two-month European put option with an exercise price of Rs 65?

  Purchase laboratory equipment for gene splicing

BioGen Company, a small biotechnology firm, would like to borrow a loan to purchase laboratory equipment for gene splicing. The loan carries an interest rate of 8% per year and is to be repaid $396,719 at the end of 6 years. How much is the loan?

  Stamper manufacturing cos management is considering a

a cost analyst for stamper manufacturing co. has assembled the following data about the model 24 stamp pad the piece

  Amount debited to the asset account

At the time the machine was purchased, the market rate of interest was 10%. The amount that should be debited to the asset account, Machinery, on the date of purchase is (round to the nearest dollar)

  Appropriate technique or combination of techniques

In this week's reading several risk management techniques were discussed. Identify a risk situation and discuss an appropriate technique or combination of techniques to manage that risk.

  Prachi company produces and sells disposable foil baking

prachi company produces and sells disposable foil baking pans to retailers for 2.45 per pan. the variable costs per

  Discuss the circumstances under which this scenario could

the president of frogger company is puzzled. during the last accounting period the company experienced a net loss of

  Pedgrift company employs accounting system which charges

pedgrift company uses an accounting system that charges costs to the manager who has been delegated the authority to

  Zickman co makes and sells a single product the current

zickman co. makes and sells a single product. the current selling price is 45 per unit. variable costs are 27 per unit

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd