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Exercise 3-14 This information relates to Ayayal Real Estate Agency. Oct. 1 Stockholders invest $31,300 in exchange for common stock of the corporation. 2 Hires
Exercise 3-14 This information relates to Ayayal Real Estate Agency. Oct. 1 Stockholders invest $31,300 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $32,640. 3 Buys office furniture for $3,830, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,220 (not paid by Roads at this time). 10 Receives cash of $230 as commission for acting as rental agent renting an arartment. 27 Pays $660 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,720 in salary for October Post the transactions to T-accounts. (Post entries in the order of information presem Cash Accounts Receivable Equipment Accounts Payable Common Stock Common Stock V Service Revenue Salaries and Wages Expense Prepare a trial balance at October 31, 2022. AYAYAI REAL ESTATE AGENCY Trial Balance Debit Credit TA ta UN Click if you would like to Show Work for this question: Open Show Work
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