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Exercise 3-9 This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $33,380 in exchange for common stock of the corporation. 2 Hires

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Exercise 3-9 This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $33,380 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $37,320. 3 Buys office furniture for $4,060, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,630 (not paid by Roads at this time). 10 Receives cash of $240 as commission for acting as rental agent renting an apartment. 27 Pays $680 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,110 in salary for October

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