Question

any one know how to do this?

Question 2 of 4 -/1 View Policies Current Attempt in Progress This information relates to Cheyenne Real Estate Agency Stockholders invest $31,770 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $42,720. Buys office furniture for $3,740, on account Sells a house and lot for E.C. Roads: commissions due from Roads, $10,430 (not paid by Roads at this time). Receives cash of $185 as commission for acting as rental agent renting an apartment. Pays $800 on account for the office furniture purchased on October 3. Pays the administrative assistant $3,560 in salary for October. Oct. 1 2 3 6 10 27 30 Prepare the debit-credit analysis for each transaction. (f there is no transaction, then enter No Effect for the account and for the amount.)

Answer 1

Answer Oct-01 Debit Debit Credit $ 31,770 Credit $ 31,770 Oct-02 Debit Debit $ 42,720 Credit Credit $ 42,720 Oct-03 Debit |$ 3,740 Debit Credit Credit Oct-06 Debit Increase Assets Cash Increase Stockholder's Equity Common Stock Increase Expenses Salaries and wages expense Increase Liabilities Accounts Payable Increase Assets Equipment (Furniture) Increase Liabilities Accounts Payable Increase Assets Accounts Receivable Increase revenues Service Revenue Increase Assets Cash Increase revenues Service Revenue $ 3,740 $ 10,430 Debit Credit $ 10,430 Credit Oct-10 Debit Debit Credit $ 185 Credit $ 185

$ 800 Oct-27 Debit Debit Credit Credit Decrease Liabilities Accounts Payable Decrease Assets Cash Decrease Liabilities Accounts Payable Decrease Assets $ 800 Oct-30 Debit $ 3,560 Debit Credit Credit Cash $ 3,560