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This information relates to Grouper Real Estate Agency. Oct. 1 Stockholders invest $30,960 in exchange for common stock of the corporation. 2 Hires an administrative

This information relates to Grouper Real Estate Agency.

Oct. 1 Stockholders invest $30,960 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $39,960.
3 Buys office furniture for $3,630, on account.
6 Sells a house and lot for E. C. Roads; commissions due from Roads, $11,130 (not paid by Roads at this time).
10 Receives cash of $230 as commission for acting as rental agent renting an apartment.
27 Pays $640 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $3,330 in salary for October.

Prepare the debitcredit analysis for each transaction. (If there is no transaction, then enter No Effect for the account and 0 for the amount.)

image text in transcribed

Oct. 1 Debits Debit 4 $ Credits 4 Credit $ Oct. 2 Debits 4 Debit Credits Credit $ Oct. 3 Debits 4 Debit Credits 4 Credit $ Oct. 6 Debits Debit 4 $ Credits Credit $ Oct. 10 Debits Debit 4 $ Credits Credit $ Oct. 27 Debits Debit 4 $ Credits Credit * $ Oct. 30 Debits 4 Debit $ Credits Credit $

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