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ignment Exercise 3-09 This information relates to Indigo Real Estate Agency Oct. 1 Stockholders invest $31,830 in exchange for common stock of the corporation. 2

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ignment Exercise 3-09 This information relates to Indigo Real Estate Agency Oct. 1 Stockholders invest $31,830 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $38,400. 3 Buys office furniture for $3,910, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $11,300 (not paid by Roads at this time). 10 Receives cash of $190 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 $3,200 in salary for October Journalize the transactions. If no entry is required, select "No entry for the account titles and enter o for the amounts. CA entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit gnment Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO VIDEO LINK TO TEXT Brief Exercise 3-05 For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance a. Bonds Payable. b. Unearned Service Revenue. Depreciation Expense. d. Common Stock. e. Buildings. f. Rent Revenue. Click if you would like to Show Work for this question: Oren Show Work

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