Question

ать популяр... WГлобальные пробя... Теория поr «тичес... Авиабилеты в глобализация мир черное оркало View Policies Current Attempt in Progress This information relates to Riverbed Real Estate Agency. t. 1 Stockholders invest $32,300 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $30,600. 3 Buys office furniture for $3,650, on account. 6 Sells a house and lot for E.C. Roads; commissions due from Roads, $12,790 (not paid by Roads at 10 Receives cash of $180 as commission for acting as rental agent renting an apartment. 27 Pays $620 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,550 in salary for October. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter Ofo the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit - Titles and Explanation

Answer 1

Date Particulars Debit Credit

1 Cash $32,300

To Common Stock $32,300

(Being investor invest in common stock of corporation)

2 Salary $30,600

To Salary Payable $30,600

(Being hires an administrative assistant it is the liability for the company to pay the salary)

3 Office Furniture $3,650

To Account Payables $3,650

(Being puchase of office furniture)

  6 E C Roads $12,790

To Commission $12,790

   (Being Commission receivable from E C Roads)

10 Cash $180

To Commission Received $180

( Being Commission received for acting as an agent for renting an apartment)

27 Account Payables $620

To Cash $620

(Being Cash paid to account payables for purchase of office furniture)

30 Salary Payables $2,550

To Cash $2,550

( Being salary paid for an assistant hired on october 3)