Exercise 3-8 This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $29,310 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $37,080. 3 Buys office furniture for $4,070, on account 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $12,590 (not paid by Roads at this time). 10 Receives cash of $195 as commission for acting as rental agent renting an apartment. 27 Pays $790 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,090 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 0 for the amount.) Oct. 1 Debits Oct. 2 Debits Debit 5