June:

Question

1)Sold a house and collected a $6,000 commission.

Ans: Cash (debit)
Commission earned (credit)

2)Sold a building lot and earned a commission, $6,500. Payment is to be
received on July 8.

Ans: Accounts recievable (DR)
comission Earned (CR)

3)Received advertising bill for June, $1,200. The bill is to be paid on
July 2

Ans: Advertising Expense (DR)
Accounts Payable(CR)

can u check if the answers are correct!!! thnx^_^

Answer 1

For reference, here is an interesting PDF to have:

ncompass.supnet.com/manuals/rc.pdf

Looks good.

Sra