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Dct. 1 Stockholders invest $31,770 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $42,720. 3

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Dct. 1 Stockholders invest $31,770 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $42,720. 3 Buys office furniture for $3,740, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, \$10,430 (not paid by 10 Receives cash of $185 as commission for acting as rental agent renting an apartment. 27 Pays $800 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,560 in salary for October. Oct. 1 Debits Debit Credits Credit Oct. 2 Debits Debit Credits Credit Oct. 3 Debits Debit Credits Credit Oct. 6 Debits Debit $ Credits Credit Oct. 10 Debits Debit Credits Credit Oct. 27 Debits Debit $ Credits $ $ $ Oct. 30 Debits Debit Credits Credit $

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