Please complete exercise 3 4 and exercise 3 8 Exercise 3 4 A tabular analysis of the transactions made during August 2014 by Colaw Company during its first month of operations is shown below Each increase and decrease in stockholders equity is explained Assets Liabilities Stockholders Equity Cash A R Supp Equip Accounts Payable Common Stock Retained Earnings Revenues Expenses Dividends (1) $21,730 $21,730 Com Stock (2) 1,500 $5,000 $3,500 (3) 870 $870 (4) 4,860 $5,810 $10,670 Serv Rev (5) 2,240 2,240 (6) 2,070 $2,070 Div (7) 740 $740 Rent Exp (8) 540 540 (9) 2,140 2,140 Salar Exp (10) 360 360 Util Exp Exercise 3 8 This information relates to Crofoot Real Estate Agency Oct 1 Stockholders invest $33,410 in exchange for common stock of the corporation 2 Hires an administrative assistant at an annual salary of $33,960 3 Buys office furniture for $3,880, on account 6 Sells a house and lot for M E Graves commissions due from Graves, $12,110 (not paid by Graves at this time) 10 Receives cash of $230 as commission for acting as rental agent renting an apartment 27 Pays $670 on account for the office furniture purchased on October 3 30 Pays the administrative assistant $2,830 in salary for October Journalize the transactions (If no entry is required, select No entry for the account titles and enter 0 for the amounts Credit account titles are automatically indented when amount is entered Do not indent manually Record journal entries in the order presented in the problem )

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Please complete exercise 3-4 and exercise 3-8 Exercise 3-4 A tabular analysis of the transactions made during August 2014 by Colaw Company during its first

Please complete exercise 3-4 and exercise 3-8

Exercise 3-4 A tabular analysis of the transactions made during August 2014 by Colaw Company during its first month of operations is shown below. Each increase and decrease in stockholders? equity is explained.

Assets

Liabilities

Stockholders? Equity

Cash

A/R

Supp.

Equip.

Accounts Payable

Common Stock

Retained Earnings

Revenues

Expenses

Dividends

(1)

$21,730

Com. Stock

(2)

?1,500

$5,000

$3,500

(3)

?870

$870

(4)

4,860

$5,810

$10,670

Serv. Rev.

(5)

?2,240

(6)

?2,070

?$2,070

Div.

(7)

?740

?$740

Rent Exp.

(8)

540

?540

(9)

?2,140

Salar. Exp.

(10)

360

?360

Util. Exp.

*Exercise 3-8

This information relates to Crofoot Real Estate Agency.

Oct. 1	Stockholders invest $33,410 in exchange for common stock of the corporation.
2	Hires an administrative assistant at an annual salary of $33,960.
3	Buys office furniture for $3,880, on account.
6	Sells a house and lot for M.E. Graves; commissions due from Graves, $12,110 (not paid by Graves at this time).
10	Receives cash of $230 as commission for acting as rental agent renting an apartment.
27	Pays $670 on account for the office furniture purchased on October 3.
30	Pays the administrative assistant $2,830 in salary for October.

Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) image text in transcribed