Exercise 3-8 This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $34,000 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $35,880 3 Buys office furniture for $3,940, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,550 (not paid by Roads at this time). 10 Receives cash of $235 as commission for acting as rental agent renting an apartment. 27 Pays $610 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,990 in salary for October. Prepare the debit-credit analysis for each transaction. (If there is no transaction, then enter No Effect for the account and O for the amount.)