The journal entries for Aubut Real Estate Agency Corporation were prepared in E3-9.

Oct. 1 Issued common shares in exchange for $15,000 cash.

2 Hired an administrative assistant at an annual salary of $30,000. The assistant will start work on October 5.

5 Purchased furniture for $3,000, paying $500 cash and the balance on account.

6 Sold a house and lot for F. Omana. Commission due is $6,500 (not paid by Omana at this time).

9 Received $250 cash commission for renting an apartment.

15 Paid $700 for advertising costs relating to the first half of October.

24 Paid $2,500 on account for the furniture purchased on October 5.

30 Paid the administrative assistant $2,500 salary for October.

31 Received cash of $6,500 from F. Omana owed from October 6.

Instructions

(a) Post the transactions to T-accounts.

(b) Prepare a trial balance at October 31, 2012.