Question: Current Attempt i n Progress This information relates t o McCall Real Estate Agency. Oct. 1 Stockholders invest $ 3 0 , 0 0 0

Current Attempt in Progress
This information relates to McCall Real Estate Agency.
Oct. 1 Stockholders invest $30,000in exchange for common stock of the corporation.
2 Hires an administrative assistant atan annual salary of $36,000.
3 Buys office furniture for $3,800,on account.
6 Sells a house and lot for E.C. Roads; commissions due from Roads, $10,800(not paid by Roads at this time).
10 Receives cash of $140as commission for acting as rental agent renting an apartment.
27 Pays $700on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $3,000in salary for October.
(a)
Your answer is partially correct.
Post the transactions toT-accounts. (Post entries in the order of information presented in the question.)
Cash??????Oct.130000Oct.27700Oct.10140Oct.30?3000?Bal.vv?????AccountsReceivable??????Oct.6vv10800???????Equipment??????Oct.33800???????AccountsPayable??????Oct.27v700Oct.3v3800??????CommonStock?????? Common Stock
 Current Attempt in Progress This information relates to McCall Real Estate

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