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Question 2 (15%) This information relates to Cashew Real Estate Agency. Stockholders invested $35,000 in exchange for common stock of the corporation. 2 Hires an
Question 2 (15%) This information relates to Cashew Real Estate Agency. Stockholders invested $35,000 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $36,000. 3 Buys equipment for $3,500 on account 6 Sells a house and lot for M Springer, commissions due from Springer, $10,000 (not Nov. 1 paid by Springer at this time) Receives cash of $140 as commission for acting as rental agent renting an apartment 10 27 Pays $700 on account for the equipment purchased on October 3 30 Pays the administrative assistant $3,000 in salgry for October Instructions: (a) Journalize the transactions. Do not provide explanations. (b) Post the transactions to T accounts
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