Question

This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $31,580 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $33,360. 3 Buys office furniture for $3,650, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $11,680 (not paid by Roads at this time). 10 Receives cash of $135 as commission for acting as rental agent renting an apartment. 27 Pays $610 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,780 in salary for October. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 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.)

Answer 1

oum시 Deb仆(p) |Craft(s) b ate Dr. I $3l,s80 oct Cash 吊31,S80 Common stock o No E oa3 Funiture Dr 3,6s Auounk Payable Oct. Auounk Recelvable Dr. 11,68o Commissions Revenue Commfeeions Revenu 千13.5 ct.Auoun k payable Dr. 千60 610 Cash $2,780 Cash