This information relates to Pickert Real Estate Agency.
Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $42,000.
3 Buys office furniture for $4,600, on account.
6 Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800 (not paid by Petty 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 $3,500 in salary for October.

Instructions
Prepare the debit–credit analysis for each transaction as illustrated on pages 121–126.