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Exercise 3-14 (Part Level Submission) This information relates to Bridgeport Real Estate Agency. Oct. 1 2 3 6 Stockholders invest $29,400 in exchange for common
Exercise 3-14 (Part Level Submission) This information relates to Bridgeport Real Estate Agency. Oct. 1 2 3 6 Stockholders invest $29,400 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $30,360. Buys office furniture for $3,640, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,030 (not paid by Roads at this time). Receives cash of $160 as commission for acting as rental agent renting an apartment. Pays $640 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,530 in salary for October. 10 27 30 (a) Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Cash Oct. 1 Accounts Receivable Equipment Accounts Payable Common Stock Service Revenue Salaries and Wages Expense
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