Question $6$ of $12$

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This information relates to Bramble Real Estate Agency.

Oct. $1$ Stockholders invest $$31,500$ in exchange for common stock of the corporation.

$2$ Hires an administrative assistant at an annual salary of $$32,880.$

$3$ Buys office furniture for $$3,850,$ on account.

$6$ Sells a house and lot for E$.$ C$.$ Roads; commissions due from Roads, $$10,240($not paid by Roads at this time$).$

$10$ Receives cash of $$250$ as commission for acting as rental agent renting an apartment.

$27$ Pays $$720$ on account for the office furniture purchased on October $3.$

$30$ Pays the administrative assistant $$2,740$ in salary for October.

Date

Account Titles and Explanation

Debit

Credit

Oct. $1$ Cash

$31,500$

Common Stock

$31,500$