Question

WPLUS: M US Male Cem • Kimmel, Financial Accounting, se FINANCIAL ACCOUNT ce Assignment Gradebook ORION Downloadable eTextbook ment CALCULATOR FALSCREEN PRINTER VERSION Exercise 3-9 This informations to MC Real Estate Agency Oct. i 2 3 6 10 27 30 Stockholders invest $31.450 in exchange for common stock of the corporation Hires an administrative assistant at an annual salary of $41.540. Buy office furniture for $4,050, on account. Sells a house and lot for E.C. Roads, commissions due from Roads, $12,050 (not paid by Roads at this time). Receives cash of 210 as commission for acting as rental agent renting an apartment Pays 620 on account for the office furniture purchased on October 3 Pays the administrative assistant $3,470 in salary for October Journalize the transactions. (If ne entry is required, select "Neentry for the accountries and enter for the amount Credit accountries are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation

Answer 1

Solution Date P Account titles and Explanationſ Debit I Credit Cash Oct 1 318480 31480 Common stock Octa No entry Oct 3 Equipment Accounts payable 4050 oct 6 Accounts recervable Service Revenue 12050 octio cash service Revenue 210 Octar payable Accounts Cash 620 Oct 30 salaries and wages expense - cash 3470