Post the following transactions to t- accounts oct, Ask an Expert

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Post the following transactions to T- Accounts.

Oct. 1 Stockholders invest $31,940 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $38,280.
3 Buys office furniture for $3,610, on account.
6 Sells a house and lot for M.E. Graves; commissions due from Graves, $11,550 (not paid by Graves at this time).
10 Receives cash of $210 as commission for acting as rental agent renting an apartment.
27 Pays $620 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $3,190 in salary for October.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9903857

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