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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.)
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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