A.

BASIC ACCOUNTING

Journal Entries G Cash 80,000.00

Commissions Earned 80,000.00
A Cash 600,000.00
Office Equipment 5,000.00 H Advertising Expense 2,150.00
Arnie Lee, Capital 605,000.00 Cash 2,150.00

B Building 1,200,000.00 I Accounts Payable 600.00

Cash 300,000.00 Cash 600.00
Acccounts Payable 900,000.00
J Office Equipment 42,000.00
C Office Supplies 600.00 Cash 42,000.00
Accounts Payable 600.00
K Accounts Receivable 8,500.00
Appraisal Fees Earned 8,500.00
D Automobile 180,000.00
Arnie Lee, Capital 180,000.00 L Office Salaries Expense 2,600.00
Cash 2,600.00
E Office Equipment 6,000.00
Accounts Payable 6,000.00 M Cash 4,250.00
Accounts Receivable 4,250.00
F Office Salaries Expense 2,600.00
Cash 2,600.00 N Arnie Lee, Drawing 2,500.00
Cash 2,500.00
 Lee Realty
Trial Balance
July 31, 2010

Cash 331,800.00
Accounts Receivable 4,250.00
Office Supplies 600.00
Office Equipment 53,000.00
Automobile 180,000.00
Building 1,200,000
Accounts Payable 906,000.00
Arnie Lee, Capital 785,000.00
Arnie Lee, Drawing 2,500.00
Commissions Earned 80,000.00
Appraisal Fees Earned 8,500.00
Advertising Expense 2,150.00
Office Salaries
Expense 5,200.00
1,779, 500.00 1,779,500.00