Business, 24.09.2020 21:01, marelinatalia2000

This information relates to Bridgeport Real Estate Agency. Oct.1 Stockholders invest $33,380 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $37,320.
3 Buys office furniture for $4,060, on account.
6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,630
(not paid by Roads at this time).
10 Receives cash of $240 as commission for acting as rental agent renting an
apartment.
27 Pays $680 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $3,110 in salary for October.
Prepare the debit-credit analysis for each transaction.
Oct. 1 Debits No Effect
Debit Cash 33,380
Credits No Effect
Credit Common Stock 33,380
Debits No Effect
Debit No Effect
Oct.2 Credits No Effect
Oct. 3 Credit No Effect
Debits Increase Assets
Debit Equipment
Credits
Credit
Oct. 6 Debits
Debit
Credits
Credit
Oct. 10 Debits
Debit
Credits
Credit
Oct. 27 Debits
Debit
Credits
Credit
Oct 30 Debits
Debit
Credits
Credit

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, aidy8665

Afactory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. however, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. if a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. how is this factory owner seeking to solve the agency conflict problem in this case?

Answers: 2

continue

Business, 21.06.2019 22:30, juanitarodriguez

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

Answers: 3

continue

Business, 22.06.2019 11:00, cranfordjacori

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

Answers: 2

continue

Business, 22.06.2019 21:40, supasavb99

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?

Answers: 2

continue

Do you know the correct answer?

This information relates to Bridgeport Real Estate Agency. Oct.1 Stockholders invest $33,380 in exc...