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Post the transaction to T-accounts and Prepare a trial balance at October 31, 2017 This information relates to McCall Real Estate Agency. Oct. 1 Stockholders
Post the transaction to T-accounts and Prepare a trial balance at October 31, 2017
This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $30,100 in exchange for common stock of the corporation 2 Hires an administrative assistant at an annual salary of $31,200. 3 Buys office furniture for $3,710, on account 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,100 (not paid by Roads at this time). 10 Receives cash of $230 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 $2,600 in salary for OctoberStep by Step Solution
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