This information relates to McCall Real Estate Agency. Oct....
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This information relates to McCall Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $30,200 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $31,320. Buys office furniture for $3,720, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,110 (not paid by Roads at this time). Receives cash of $240 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 $2,610 in salary for October. Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Cash Accounts Receivable Equipment Accounts Payable Common Stock Service Revenue Salaries and Wages Expense
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