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Exercise 3-13 (Part Level Submission) This information relates to McCall Real Estate Agency, Oct. 1 Stockholders invest $30,000 in exchange for common stock of the
Exercise 3-13 (Part Level Submission) This information relates to McCall 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 E. C. Roads; commissions due from Roads, $10,000 (not paid by Roads 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 office furniture purchased on October 3. 30 Pays the administrative assistant $3,000 in salary for October. Your answer is partially correct. Try again. Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Cash 30,000 Oct. 27 Oct. 1 700 Oct. 10 V 140 Oct. 30 V 3,000 Bal. 30,140 Bal. 3,700 Accounts Receivable Oct. 6 10,8001 Bal 10,800 | Bal. Equipment Oct. 3 3,800 Bal. 3,800 Bal. Accounts Payable 700|| Oct. 3 Oct. 27 V 3,800 Bal. 700 Bal. 3,800 Common Stock Oct. 1 30,000 Bal. 0 Bal. 30,000 Service Revenue Oct. 6 V 10,800 Oct. 10 V 140 Bal. Bal. 10,940 Salaries and Wages Expense 3,000 Oct. 30 V Bal. 3,000 Bal
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