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Post the transactions to T-accounts This information relates to Bridgeport Real Estate Agency. Oct. 1 Stockholders invest $29,400 in exchange for common stock of the
Post the transactions to T-accounts
This information relates to Bridgeport Real Estate Agency. Oct. 1 Stockholders invest $29,400 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $30,360. 3 Buys office furniture for $3,640, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,030 (not paid by Roads at this time). 10 Receives cash of $160 as commission for acting as rental agent renting an apartment. 27 Pays $640 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,530 in salary for October. Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Cash Accounts Receivable Equipment Accounts Payable Common Stock Service Revenue Common Stock Service Revenue Salaries and Wages Expense
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