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Business, 11.03.2020 02:49 tess92

This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $31,400 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $32,760. 3 Buys office furniture for $3,840, on the account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,230 (not paid by Roads at this time). 10 Receives cash of $240 as commission for acting as rental agent renting an apartment. 27 Pays $730 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,730 in salary for October. Prepare the debit-credit analysis for each transaction. (If there is no transaction, then enter no effect for the account and 0 for the amount.)

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