Selected transactions for Wilson Real Estate Agency during its first month of business follow: Samantha Wilson opened Wilson Real Estate Agency with an investment of $13,940 cash and $3,170 of equipment. Paid $1,330 for a one-year insurance policy. Purchased additional equipment for $4,710, paying $760 cash and signing a note payable for the balance. Received $295 cash as a fee for renting an apartment. Sold a house and lot for B. Moore. The commission due from Moore is $7,730. (It is not paid by Moore at this time.) Paid $790 for advertising to run during June. Received an $90 bill for telephone service during the month of June. (The bill is paid in July.) Paid an administrative assistant $1,750 in salary for June. 30 Received $7,730 cash from B. Moore for the June 16 transaction. June 1 2 3 10 16 27 29 30 Date June 1 June 2 June 3 June 10 June 16 > > Account Titles > > < > > > > > > Debit Credit June 29 V June 30 June 30 < > < (To record the salary paid) (To record the cash received)