This information relates to Cheyenne Real Estate Agency. Oct. 1 2 3 6 10 27 30 Date Oct. 1 2 3 6 10 27 30 Stockholders invest $29,500 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $30,480. Buys office furniture for $3,650, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,040 (not paid by Roads at this time). Receives cash of $170 as commission for acting as rental agent renting an apartment. Pays $610 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,540 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 Cash Debit Credit 29,500 3,650 10,040 170 610 2,540 29,500 3,650 10,040 170 610 2,540

his information relates to Cheyenne Real Estate Agency. Oct. 1 Stockholders invest $29,500 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $30,480. 3 Buys office furniture for $3,650, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,040 (not paid by Roads at this time). 10 Receives cash of $170 as commission for acting as rental agent renting an apartment. 27 Pays $610 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,540 in salary for October. irmotion presented in the