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This information relates to Hanshew Real Estate Agency Oct. 1 Stockholders invested $35,000 in exchange for common stock of the corporation. 2 Hires an administrative
This information relates to Hanshew Real Estate Agency Oct. 1 Stockholders invested $35,000 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $36,000 3 Buys equipment for $3,500 on account 6 Sells a house and lot for M Springer; commissions due from Springer, $10,000 (not paid by Springer at this time). 10 Receives cash of $140 as commission for acting as rental agent renting an apartment. 27 Pays $700 on account for the equipment purchased on October 3 30 Pays the administrative assistant $3,000 in salary for October Journalize the transactions. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Oct. 1 Debit Credit 10 27 30
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