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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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