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This information relates to Culver Real Estate Agency. Oct. 1 Stockholders invest $30,900 in exchange for common stock of the corporation. 2 Hires an administrative

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This information relates to Culver Real Estate Agency. Oct. 1 Stockholders invest $30,900 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $32,160. 3 Buys office furniture for $3,790, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,180 (not paid by Roads at this time). 10 Receives cash of $190 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 $2,680 in salary for October. Post the transactions to T-accounts and determine month-end balances, (Post entries in the order of information presented in the question.)

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