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Question 7 of 11 < > This information relates to Sheffield Real Estate Agency. Oct. 1 Stockholders invest $33,860 in exchange for common stock
Question 7 of 11 < > This information relates to Sheffield Real Estate Agency. Oct. 1 Stockholders invest $33,860 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $31,320. 3 Buys office furniture for $3,850, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,620 (not paid by Roads at this time) 10 220 27 30 30 Receives cash of $220 as commission for acting as rental agent renting an apartment. Pays $790 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,610 in salary for October. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credi are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the all debit entries before credit entries.) Date Account Titles and Explanation Debit Cr
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