This information relates to Indigo Real Estate Agency. Oct. 1 Stockholders invest \$31,100 in exchange...
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This information relates to Indigo Real Estate Agency. Oct. 1 Stockholders invest \$31,100 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $32,400. 3 Buys office furniture for $3,810, on account. 6 Sellsa house and lot for E. C. Roads; commissions due from Roads, $10,200 (not paid by Roads at this time). 10 Receives cash of $210 as commission for acting as rental agent renting an apartment. 27. Pays $710 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2,700 in salary for October. Post the transactions to T-accounts and determine month-end balances. (Post entries in the order of information presented in the question)
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