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Exercise 3-13 This information relates to McCall Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $29,300 in exchange for common
Exercise 3-13 This information relates to McCall Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $29,300 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $30,240. Buys office furniture for $3,630, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,020 (not paid by Roads at this time). Receives cash of $150 as commission for acting as rental agent renting an apartment. Pays $760 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,520 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 Equipment Accounts Payable Common Stock Service Revenue Salaries and Wages Expense Prepare a trial balance at October 31, 2017. MCCALL REAL ESTATE AGENCY Trial Balance Debit Credit $
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