Exercise 3-09 This information relates to Ayayal Real Estate Agency. Oct. 1 Stockholders invest $31,460 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $31,800. 3 Buys office furniture for $3,810, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $11,020 (not paid by Roads at this time), 10 Receives cash of $230 as commission for acting as rental agent renting an apartment 27 Pays $780 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,650 in salary for October. Date Account Titles and Explanation Debit Credit