This information relates to McCall Real Estate Agency. Oct. 1 2 3 Stockholders invest $30,000 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $36,000. Buys office furniture for $3,800, on account. Sells a house and lot for E.C. Roads; commissions due from Roads, $10,800 (not paid by Roads at this time). Receives cash of $140 as commission for acting as rental agent renting an apartment. Pays $700 on account for the office furniture purchased on October 3. 6 10 27 30 Pays the administrative assistant $3,000 in salary for October. Oct. 1 Debits Increase Assets Debit Cash $ 30000 Credits Increase Stockholders' Equity Credit Common Stock # $ 30000 Oct. 2 Debits Increase Expenses + Debit Salaries and Wages Expense - $ 36000 Credits Decrease Assets Credit Cash + $ 36000 Oct. 3 Debits Increase Assets