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Question 4 This information relates to McCall Real Estate Agency Oct. 1 Stockholders invest $31,400 in exchange for common stock of the corporation 2 Hires
Question 4 This information relates to McCall 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 30 Pays $730 on account for the office furniture purchased on October 3 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 Accounts Receivable Equipment Accounts Payable Common Stock Common Stock Service Revenue Salaries and Wages Expense Prepare a trial balance at October 31, 2017. MCCALL REAL ESTATE AGENCY Trial Balance Debit Credit
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