June:
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^_^
0 answers