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26 June, 04:46

Stockholders invest $30,000 in exchange for common stock of the corporation. 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 E. C. Roads; commissions due from Roads, $10,800 (not paid by Roads 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. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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  1. 26 June, 06:11
    0
    1)

    Dr Cash $30,000

    Cr Common Stock $30,000

    2) No Entry

    3)

    Dr Office Furniture $3,800

    Cr Accounts Payable $3,800

    6)

    Dr Accounts receivables $10,800

    Cr Service Revenue (Commission) $10,800

    10)

    Dr Cash $140

    Cr Service Revenue (Commission) $140

    27)

    Dr Accounts Payable $700

    Cr Cash $700

    30)

    Dr Salary Expense $3,000

    Cr Cash $3,000
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