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This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $33, 600 in exchange for common stock of the corporation. 2 Hires an
This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $33, 600 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $36, 480. 3 Buys office furniture for $3, 780, on account. 6 Sells a house and lot for E. C. Roads: commissions due from Roads, $12, 290 (not paid by Roads at this time). 10 Receives cash of $145 as commission for acting as rental agent renting an apartment. 27 Pays $670 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3, 040 in salary for October. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the
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