*Exercise 3-10

This information relates to Crofoot Real Estate Agency.

Oct. 1	Stockholders invest $33,310 in exchange for common stock of the corporation.
2	Hires an administrative assistant at an annual salary of $32,400.
3	Buys office furniture for $4,000, on account.
6	Sells a house and lot for M.E. Graves; commissions due from Graves, $12,210 (not paid by Graves at this time).
10	Receives cash of $170 as commission for acting as rental agent renting an apartment.
27	Pays $730 on account for the office furniture purchased on October 3.
30	Pays the administrative assistant $2,700 in salary for October.

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*Exercise 3-10 This information relates to Crofoot Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $33,310 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $32,400. Buys office furniture for $4,000, on account. Sells a house and lot for M.E. Graves; commissions due from Graves, $12,210 (not paid by Graves at this time). Receives cash of $170 as commission for acting as rental agent renting an apartment. Pays $730 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,700 in salary for October. Don't show me this message again for the assignment Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Prepare a trial balance at October 31, 2014