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This information relates to Bramble Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $31,160 in exchange for common stock of
This information relates to Bramble Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $31,160 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $40,320. Buys office furniture for $3,770, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $11,170 (not paid by Roads at this time). Oct. 1 Receives cash of $210 as commission for acting as rental agent renting an apartment. Pays $740 on account for the office furniture purchased on October 3. Pays the administrative assistant $3,360 in salary for October. Prepare the debit-credit analysis for each transaction. (If there is no transaction, then select 'No Effect' for the account.) Debits Debit Credits Credit $ LA tA $ Oct. 1 Stockholders invest $31,160 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $40,320. 3 Buys office furniture for $3,770, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $11,170 (not paid by Roads at this time). 10 Receives cash of $210 as commission for acting as rental agent renting an apartment. 27 Pays $740 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,360 in salary for October. Prepare the debit-credit analysis for each transaction. (If there is no transaction, then select 'No Effect' for the account.) Oct. 1 Debits Debit Credits Credit
This information relates to Bramble Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $31,160 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $40,320. Buys office furniture for $3,770, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $11,170 (not paid by Roads at this time). Oct. 1 Receives cash of $210 as commission for acting as rental agent renting an apartment. Pays $740 on account for the office furniture purchased on October 3. Pays the administrative assistant $3,360 in salary for October. Prepare the debit-credit analysis for each transaction. (If there is no transaction, then select 'No Effect' for the account.) Debits Debit Credits Credit $ LA tA $
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