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Policies Tent Attempt in Progress This information relates to Ayayai Real Estate Agency. Oct. 1 Stockholders invest $31,460 in exchange for common stock of the
Policies Tent Attempt in Progress This information relates to Ayayai Real Estate Agency. Oct. 1 Stockholders invest $31,460 in exchange for common stock of the corporation 2 Hires an administrative assistant at an annual salary of $31,800. 3 Buys office furniture for $3,810, on account. 6 Sells a house and lot for E.C. Roads: commissions due from Roads, $11.020 (not paid by Roads at this time). 10 Receives cash of $230 as commission for acting as rental agent renting an apartment. 27 Pays $780 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,650 in salary for October Prepare the debit-credit analysis for each transaction. (If there is no transaction, then enter No Effect for the account and for the amount) Oct. 1 Debits Debit Credits Credit Oct.2 Debits Debit Credits
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