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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. |
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
