ACCT2110 Financial Accounting Chapter Three Accounting Information System Homework Problem 1. This information relates to Matthews Real Estate Agency Corporation. Oct. 1 Stockholders invested $25,000 in exchange for common stock of the 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. Problem 2. Transaction data for Matthews Real Estate Agency are presented in P1. Instructions Journalize the transactions. Do not provide explanations.