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f excel atikah 2.xlsx E3-7 This information relates to Crofoot Real Estate Agency Oct. 1 Stockholders invest $30,000 in exchange for common stock of the

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f excel atikah 2.xlsx E3-7 This information relates to Crofoot Real Estate Agency Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation. Dr Cash $30,000 Cr Common stock $30,000 2 Hires an administrative assistant at an annual salary of $36,000. No entry needed at time of hiring 192 1 933 Buys office furniture for $3,800, on account. 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 Dr Office furniture $3,800 Cr Accounts payable $3,800 6 Sells a house and lot for ME.Graves; commissions due from Graves 10,800 (not paid by Graves at this time Dr Accounts receivable $10,800 Cr Commission revenue $10,800 10 Receives cash of $140 as commission for acting as rental agent renting an apartment Dr Cash$140 Cr Commission revenue $140 27 Pays $700 on account for the offi ce furniture purchased on October 3. Dr Accounts payable $700 Cr Cash $700 30 Pays the administrative assistant 53,000 in salary for October Dr Salaries expense $3,000 CrCash 53,000 Instructions Prepare the dehit-credit analysis for each transactian, as illustrated on pages 121-126 210 211 Sheet1 Sheet2 Sheet3

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