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Exercise 3-13 (Part Level Submission)

This information relates to McCall Real Estate Agency.

Oct. 1Stockholders invest $29,500 in exchange for common stock of the corporation.2Hires an administrative assistant at an annual salary of $30,480.3Buys office furniture for $3,650, on account.6Sells a house and lot for E. C. Roads; commissions due from Roads, $10,040 (not paid by Roads at this time).10Receives cash of $170 as commission for acting as rental agent renting an apartment.27Pays $610 on account for the office furniture purchased on October 3.30Pays the administrative assistant $2,540 in salary for October.

Please Post the transactions to T-accounts.


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