Question

Transaction data For Crofoot Real Estate Agency are presented in E3-7.

Instructions
Journalize the transactions. Do not provide explanations.

From E3-7
Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $36,000.
3 Buys office furniture for $3,800, on account.
6 Sells a house and lot for M.E. Graves; commissions due from Graves, $10,800 (not paid by Graves at this time).
10 Receives cash of $140 as commission for acting as rental agent renting an apartment.
27 Pays $700 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $3,000 in salary for October.



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  • CreatedApril 07, 2014
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