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This information relates to Indigo Real Estate Agency. Oct. 1 Stockholders invest $31,830 in exchange for common stock of the corporation. 2 Hires an administrative

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This information relates to Indigo Real Estate Agency. Oct. 1 Stockholders invest $31,830 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $38,400. 3 Buys office furniture for $3,910, on account 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $11,300 (not paid by Roads at this time). 10 Receives cash of $190 as commission for acting as rental agent renting an apartment. 27 Pays $610 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,200 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 No Effect Cash Credits No Effect Credit Common Stock Oct.2 Debits No Effect Debit No Effect 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 $ 31830 Debits No Effect Debit Cash Credits No Effect Credit Common Stock 31830 Oct. 2 Debits No Effect Debit Credits No Effect No Effect No Effect Credit No Effect Oct. 3 Debits No Effect Debit Accounts Payable bles 3910 Credits No Effect Credit Cash Debits No Effect Debit Salaries and Wages Expense Credits No Effect Salaries and Wage Credit Oct. 10 Debits No Effect Debit Cash Oct. 6 11300 11300 Debits No Effect Debit Salaries and Wages Expenses Credits No Effect Credit Salaries and Wages Expenses Debits No Effect Debit Cash Credits No Effect Credit Salaries and Wages Expenses Oct 10 190 190 Oct. 27 Debits No Effect 610 Debit Accounts Payable Credits No Effect Cash 610 Credit Oct. 30 Debits No Effect Debit Salaries and Wages Expense 3200 Credits No Effect 3200 Credit Cash

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