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PLEASE!! ANSWER QUICKLY. PROVIDE ALL ANSWERS This information relates to Blue Real Estate Agency. Oct. 1 Stockholders invest $31,400 in exchange for common stock of
PLEASE!! ANSWER QUICKLY. PROVIDE ALL ANSWERS
This information relates to Blue Real Estate Agency. Oct. 1 Stockholders invest $31,400 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $32,760. 3 Buys office furniture for $3,840, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,230 (not paid by Roads at this time). 10 Receives cash of $240 as commission for acting as rental agent renting an apartment. 27 Pays $730 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,730 in salary for October Post the transactions to T-accounts. (Post entries in the order of information presented in the question Cash Oct. 1 31400 Oct. 27 730 Oct. 10 240 Oct. 30 2730 Bal. 296 Bal. 3460 Accounts Receivable Equipment Accounts Payable Accounts Payable Common Stock Service Revenue Salaries and Wages Expense Prepare a trial balance at October 31, 2022 BLUE REAL ESTATE AGENCY Trial Balance Debit Credit Step by Step Solution
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