Question
This information relates to Novak Real Estate Agency.Oct. 1Stockholders invest $33,600 in exchange for common stock of the corporation.2Hires an administrative assistant at an annual
This information relates to Novak Real Estate Agency.Oct. 1Stockholders invest $33,600 in exchange for common stock of the corporation.2Hires an administrative assistant at an annual salary of $36,480.3Buys office furniture for $3,780, on account.6Sells a house and lot for E. C. Roads; commissions due from Roads, $12,290 (not paid by Roads at this time).10Receives cash of $145 as commission for acting as rental agent renting an apartment.27Pays $670 on account for the office furniture purchased on October 3.30Pays the administrative assistant $3,040 in salary for October.Prepare the debitcredit analysis for each transaction.
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