Exercise 3-10 This information relates to Crofoot Real Estate Agency. Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation 2 Hires an administrative assistant at an annual salary of $36,000 3 Buys office furniture for $3,800, on account. 6 Sells a house and lot for M.E. Graves; commissions due from Graves, $10,800 (not paid by Graves at this time). 27 30 Pays $700 on account for the office furniture purchased on October 3. Pays the administrative assistant $3,000 in salary for October. Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Cash Accounts Receivable Equipment