This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $30,960 in exchange for common stock of the corporation. 2 Hires an administrative
This information relates to McCall Real Estate Agency.
| Oct. 1 | Stockholders invest $30,960 in exchange for common stock of the corporation. | |
| 2 | Hires an administrative assistant at an annual salary of $39,960. | |
| 3 | Buys office furniture for $3,630, on account. | |
| 6 | Sells a house and lot for E. C. Roads; commissions due from Roads, $11,130 (not paid by Roads at this time). | |
| 10 | Receives cash of $230 as commission for acting as rental agent renting an apartment. | |
| 27 | Pays $640 on account for the office furniture purchased on October 3. | |
| 30 | Pays the administrative assistant $3,330 in salary for October. |
Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
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Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30
Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30
Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30
Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30
Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30
Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30
Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30
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Authors: Christopher Bleibtreu, Ulrike Stefani
1st Edition
1680839004, 978-1680839005
