Transaction data and journal entries for McCall Real Estate Agency are presented in E3.8 and E3.9. Instructions
a. Post the transactions to T-accounts.
b. Prepare a trial balance at October 31, 2022
Data from E3.8 & E3.9
This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $30,000 in exchange for of the corporation. 2 Hires an administrative assistant at an annual salary of $36,000. 3 Buys offi ce 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 offi ce furniture purchased on October 3. 30 Pays the administrative assistant $3,000 in salary for October. Instructions Prepare the debit–credit analysis for each transaction, as shown in Illustrations 3.22 to 3.32.
Transaction data for McCall Real Estate Agency are presented in E3.8.
