Exercise 3-13

This information relates to McCall Real Estate Agency.

Oct. 1		Stockholders invest $31,200 in exchange for common stock of the corporation.
2		Hires an administrative assistant at an annual salary of $32,520.
3		Buys office furniture for $3,820, on account.
6		Sells a house and lot for E. C. Roads; commissions due from Roads, $10,210 (not paid by Roads at this time).
10		Receives cash of $220 as commission for acting as rental agent renting an apartment.
27		Pays $660 on account for the office furniture purchased on October 3.
30		Pays the administrative assistant $2,710 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 Accounts Payable Common Stock Service Revenue Service Revenue Salaries and Wages Expense Prepare a trial balance at October 31, 2017. MCCALL REAL ESTATE AGENCY Trial Balance Debit Credit