Transaction data and journal entries for McCall Real Estate Agency are presented in E3.8 and...
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Accounting
Transaction data and journal entries for McCall Real Estate Agency are presented in E3.8 and E3.9.Post journal entries and prepare a trial balance.Instructions
a. Post the transactions to T-accounts.
b. Prepare a trial balance at October 31, 2022.
Oct. 1. Stockholders invest $30,000 in exchange for common stock of the corporation.
Oct 2. Hires an administrative assistant at an annual salary of $36,000.
Oct 3. Buys office furniture for $3,800, on account.
Oct 6. Sells a house and lot for E.C. Roads; commissions due from Roads, $10,800 (not paid by Roads at this time).
Oct 10. Receives cash of $140 as commission for acting as rental agent renting an apartment.
Oct 27. Pays $700 on account for the office furniture purchased on October 3.
Oct 30. Pays the administrative assistant $3,000 in salary for October.
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