This information relates to Verbos Real Estate Agency Corporation:

Account Credited Specific Normal Account Effect Balance Common Increase _ Credit Stock Journalize transactions.

Analyze transactions and determine their effect on Oct. 1 Stockholders invested $21,000 in exchange for common stock of the gocounts.

corporation.

2 Hires an administrative assistant.

3 Buys office furniture for $1,900, on account.

6 Sells a house and lot for B. Rollins; commissions due from Rollins, $6,200

(not paid by Rollins at this time).

Instructions Receives cash of $140 as commissions for renting an apartment for the owner Pays $700 on account for the office furniture purchased on October 3.

Pays the administrative assistant $960 in salary for October.

Prepare the debit-credit analysis for each transaction as illustrated on pages 114-119.