This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $30,000 in exchange for...

 

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This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $36,000. Buys office furniture for $3,800, on account. 2 3 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,800 (not paid by Roads at this time). Receives cash of $140 as commission for acting as rental agent renting an apartment. 10 27 Pays $700 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,000 in salary for October. Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Oct. 1 ♦ # # 4 Cash Accounts Receivable Equipment Accounts Payable Common Stock # th This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $36,000. Buys office furniture for $3,800, on account. 2 3 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,800 (not paid by Roads at this time). Receives cash of $140 as commission for acting as rental agent renting an apartment. 10 27 Pays $700 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,000 in salary for October. Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Oct. 1 ♦ # # 4 Cash Accounts Receivable Equipment Accounts Payable Common Stock # th