Question
This information relates to McCall Real Estate Agency. Oct. 1Stockholders invest $31,100 in exchange for common stock of the corporation.2Hires an administrative assistant at an
This information relates to McCall Real Estate Agency.
Oct. 1Stockholders invest $31,100 in exchange for common stock of the corporation.2Hires an administrative assistant at an annual salary of $32,400.3Buys office furniture for $3,810, on account.6Sells a house and lot for E. C. Roads; commissions due from Roads, $10,200 (not paid by Roads at this time).10Receives cash of $210 as commission for acting as rental agent renting an apartment.27Pays $710 on account for the office furniture purchased on October 3.30Pays the administrative assistant $2,700 in salary for October.
Post the transactions to T-accounts.(Post entries in the order of information presented in the question.)
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