This information relates to Matthews Real Estate Agency Corporation.

determine their effect on Pent Oct. 1 Stockholders invested $25,000 in exchange for common stock of the

(SO 3) corporation.

2 Hires an administrative assistant at an annual salary of $42,000.

3 Buys office furniture for $3,600, on account.

6 Sells a house and lot for M.E. Mills; commissions due from Mills, $10,800

(not paid by Mills at this time).

10 Receives cash of $140 as commission for acting as rental agent renting an apartment.

27 Pays $700 on account for the office furniture purchased on October 3.

30 Pays the administrative assistant $3,500 in salary for October.

Instructions Prepare the debit-credit analysis for each transaction as illustrated on pages 119-124.

Journalize transactions.