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These transactions relate to Hanshew Real Estate Agency. 1. Stockholders invested $35,000 in exchange for common stock of the corporation. 2. Hires an administrative assistant
These transactions relate to Hanshew Real Estate Agency. 1. Stockholders invested $35,000 in exchange for common stock of the corporation. 2. Hires an administrative assistant at an annual salary of $36,000. 3. Buys equipment for $3,500 on account. 4. Sells a house and lot for M Springer; commissions due from Springer, $10,000 (not paid by Springer at this time). 5. Receives cash of $140 as commission for acting as rental agent renting an apartment. 6. Pays $700 on account for the equipment purchased on October 3. 7. Pays the administrative assistant $3,000 in salary for October Complete the tabular analysis below, showing the final amount for each item. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45). Do not leave any answer field blank. Enter Ofor amounts.) Trans + Cash Accts. Rec. Common Stock Equip Accts. Pay. Service Revenue Sal. Wages Exp. 1. 2. 3. 4. 6. 7. Totals Write the basic accounting equation Assets Liabilities Stockholder's Equity $
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