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 Buys office furniture for $3,600, on account. Sells a house and lot for M.E. Mills; commissions due from Mills, $10,800 (not paid by Mills at this time). 1O Receives cash of S140 as commission for acting as rental agent renting an apartment. 27 Pays $700 on account for the office furniture purchased on October 3 Instructions Prepare the debit credit analysis for each transaction. Problem 2. Transaction data for Matthews Real Estate Agency are presented in P1. ays the administrative assistant $3,500 in salary for October Instructions Journalize the transactions. Do not provide explanations