service Revenue

Salaries and Wages expense

Prepare a trial balance at Oct. 31,2025

lis information relates to Pronghorn Real Estate Agency. )ct. 1 2 3 6 10 27 30 Date )ct. 1 2 3 6 10 27 30 Stockholders invest $30,300 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $31,440. Buys office furniture for $3,730, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,120 (not paid by Roads at this time). Receives cash of $130 as commission for acting as rental agent renting an apartment. Pays $690 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,620 in salary for October. Account Titles and Explanation Cash Common Stock No entry Equipment Accounts Payable Accounts Receivable Service Revenue Cash Service Revenue Accounts Payable Cash Salaries and Wages Expense Debit 30,300 3,730 10,120 130 690 2,620 Credit 30,300 3,730 10,120 130 690