Question

Oct. 1 2 3 6 10 27 30 Stockholders invest $33,540 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $37,680. Buys office furniture for $3,710, on account. Sells a house and lot for E. C. Roads; commissions due from Roads $12,710 (not paid by Roads at this time). Receives cash of $220 as commission for acting as rental agent renting an apartment. Pays $650 on account for the office furniture purchased on October 3. Pays the administrative assistant $3,140 in salary for October. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter for 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.) Date Account Titles and Explanation Debit Credit Oct. 1 > e Textbook and Media List of Accounts

Answer 1

Ansis SOURNAL ENTRY Deloit Crode Date octii Account Titles and Explanation Cash Alc De $33,540 To common stock AIC $33,540 Oct.2. NO Entry No Entry $0 Oct 3 $3,710 Equipment. Alc To Accounts payable AIC $3, Ho Oct G. Accounts Receitable Al D$2.70 To sowice Revenue Alc $11. Ho och lo. Cash Al RE $820 To Sewire Revenue Alc $200 0.29. $650 Alc ar Accounts Payable T Cosh Alc $650 Od 30 AK Dr $3140 Salaries and urges Expense Cash To Al $3140

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