This information relates to Crofoot Real Estate Agency.

Oct 1 Stockholders invest $30,000 in exchange for common stock of the corporation.

2. Hires an administrative assistant at an annual salary of $36,000.

3.Buys office furniture for $3,800, on account.

6.Sells a house and lot for M.E. Graves; commissions due from Graves, $10,800 (not paid by Graves at this time).

10.Receives cash of $140 as commission for acting as rental agent renting an apartment.

27.Pays $700 on account for the office furniture purchased on October 3.

30.Pays the administrative assistant $3,000 in salary for October.

Instructions

Prepare the debit–credit analysis or each transaction, as illustrated on pages 121–126.