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This information relates to Grouper Real Estate Agency. Stockholders invest $30,960 in exchange for common stock of the corporation. Hires an administrative assistant at an
This information relates to Grouper Real Estate Agency. Stockholders invest $30,960 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $39.960. Buys office furniture for $3,630, on account. Sells a house and lot for E.C. Roads, commissions due from Roads, $11,130 (not paid by Roads at this time). 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. Oct. 1 2 3 6 10 Prepare the debit-credit analysis for each transaction. If there is no transaction, then enter No Effect for the account and for the amount.) Oct 1 Debits Debit $ Credits Credit Oct 2 Debits Debit $ Credits Oct 3 Debits Debit $ Credits Credit $ Oct. 6 Debits Debit Credits V Credit $ Oct. 10 Debits Debit Credits Credit $ Oct 27 Debits Debit $ Credits > Credit
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