Exercise 249 This information relates to Hanshew Real Estate Agency. Oct. 1 Stockholders invested $35,000 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $36,000. 3 Buys equipment for $3,500 on account. 6 Sells a house and lot for M Springer; commissions due from Springer, $10,000 (not paid by Springer 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 equipment purchased on October 3. 30 Pays the administrative assistant $3,000 in salary for October Debit Credit Date Account Titles and Explanation Oct. 1 2 3 6 10 30 27 Cash Ac.counts Recervable Arcounts Payable