Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. this information relates to mccall real estate age

This information relates to McCall Real Estate Agency. Oct....

80.2K

Verified Solution

Question

Accounting

image
This information relates to McCall Real Estate Agency. Oct. 1 2 3 6 10 27 30 Stockholders invest $30,200 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $31,320. Buys office furniture for $3,720, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,110 (not paid by Roads at this time). Receives cash of $240 as commission for acting as rental agent renting an apartment. Pays $620 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,610 in salary for October. Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Cash Accounts Receivable Equipment Accounts Payable Common Stock Service Revenue Salaries and Wages Expense

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

A consumer preference study compares the effects of three different bottle designs (A, B, and C)...

Physics
1.2K views

This chapter goes through an overview of one of the leading smallest size theories - superstring...

Physics
1.2K views

Starting at time t=0, net force F1 is applied to an object that is initially at...

Psychology
1.2K views

How do you avoid alienating your readers when writing if your thesis is controversial or emotionally...

Advance Math
1.2K views

let A =[4 -5 2 -3] find eigenvalues of A find eigenvector of A corresponding to eigenvlue in part 1 find...

Physics
1.2K views

rectangular coil of single turn having area A rotates in a uniform magnetic field B...

Basic Math
1.2K views

You are planning to lend 7 000 to someone you know If you change him...

Basic Math
1.2K views

In a piano recital, Toby has to perform one piece from each era of western...

Algebra
1.2K views

P is a polynomial defined by P x 4x 11x 6x 9 Two factors are...

Accounting
1.2K views

Tempo Company's fixed budget (based on sales of 18,000 units) follows. 1. Compute total variable...

Accounting
1.2K views

Net income for the period was $245,000. The common shares account had a beginning balance...

Finance
1.2K views

A Department manager is ready to invest money into an investment project that pays back...