WILL THUMBS UP FOR CORRECT ANSWER. This information relates to Sheffield Real Estate Agency. Oct 1 2 3 6 10 27 30 Date Oct 1 2 3 - 6 10 27 30 Stockholders invest $30,700 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $31,920. Buys office furniture for $3,770, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,160 (not paid by Roads at this time). Receives cash of $170 as commission for acting as rental agent renting an apartment. Pays $740 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,660 in salary for October. Account Titles and Explanation Cash Common Stock No entry Equipment Accounts Payable Accounts Receivable Service Revenue Cash Service Revenue Accounts Payable Cash Salaries and Wages Expense Cash Debit Credit 30.700 3,770 10,160 170 740 2,660 30,700 3,770 10,160 170 740 2,660

a. POST THE TRANSACTIONS TO THE T-ACCOUNTS AND DETERMINE MONTH END BALANCES

This information relates to Sheffield Real Estate Agency. Oct 1 Stockholders invest $30,700 in exchange for common stock of the corporation. 2 Hires an adeninistrative assistant at an anoual salary of $31.920 3 Buys office furniture for $3,770, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,160 (not paid by Roads at this time) 10 Receives cash of $170 as commission for acting as rental agent renting an apartment. 27 Pars $740 on account for the office furniture purchased an October 3. 30 Pays the administrative assistant $2,660 in salary for October