Question
This information relates to Pronghorn Real Estate Agency. Oct. 1 Stockholders invest $30,300 in exchange for common stock of the corporation. 2 Hires an administrative
This information relates to Pronghorn Real Estate Agency. Oct. 1 Stockholders invest $30,300 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $31,440. 3 Buys office furniture for $3,730, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,120 (not paid by Roads at this time). 10 Receives cash of $130 as commission for acting as rental agent renting an apartment. 27 Pays $690 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,620 in salary for October. (a) Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Cash choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Accounts Receivable choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Equipment choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Accounts Payable choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Common Stock choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Service Revenue choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Salaries and Wages Expense choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Attempts: 0 of 1 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
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