this information relates to plunkett real estate agency 534330
This information relates to Plunkett Real Estate Agency.
Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation.
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this information relates to plunkett real estate agency 534330
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2 Hires an administrative assistant at an annual salary of $36,000.
3 Buys office furniture for $3,800, 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 $3,000 in salary for October.
Instructions
Prepare the debit–credit analysis for each transaction, as illustrated on pages 121–126.
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