PRINCIPAL-AGENT RELATIONSHIPS Jensen Realty markets and sells single family homes built by Shaky Construction Com
Posted: Thu May 19, 2022 11:25 am
PRINCIPAL-AGENT RELATIONSHIPS
Jensen Realty markets and sells single family homes built by Shaky
Construction Company.
Jensen Realty passes papers (completes a sale) of one of these
homes and
receives cash of $800,000. The agreed upon
commission is 3%.
Prepare Jensen Realty's journal entry to record this
transaction.
Jensen Realty markets and sells single family homes built by Shaky
Construction Company.
Jensen Realty passes papers (completes a sale) of one of these
homes and
receives cash of $800,000. The agreed upon
commission is 3%.
Prepare Jensen Realty's journal entry to record this
transaction.