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This information relates to Marigold Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $31,710 in exchange for common stock of
This information relates to Marigold Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $31,710 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $32,160. Buys office furniture for $3,910, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,950 (not paid by Roads at this time). Receives cash of $145 as commission for acting as rental agent renting an apartment. Pays $720 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,680 in salary for October. Prepare the debit-credit analysis for each transaction. (If there is no transaction, then enter No Effect for the account and 0 for the amount.)
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