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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. |
Post the transactions to T-accounts.
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