Question

This information relates to McCall Real Estate Agency.

Oct. 1		Stockholders invest $31,480 in exchange for common stock of the corporation.
2		Hires an administrative assistant at an annual salary of $41,640.
3		Buys office furniture for $4,050, on account.
6		Sells a house and lot for E. C. Roads; commissions due from Roads, $12,050 (not paid by Roads at this time).
10		Receives cash of $210 as commission for acting as rental agent renting an apartment.
27		Pays $620 on account for the office furniture purchased on October 3.
30		Pays the administrative assistant $3,470 in salary for October.

Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Answer 1