Business, 15.02.2021 20:20, allimaycatp8qgaq

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. (If there is no transaction, then enter No Effect for the account and for the amount.)
Oct. 1 33,380
Debits No Effect
Debit Cash
Credits No Effect
Credit Common Stock
Debits No Effect
Debit No Effect 33380
Oct.2
Credits NOE
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 18:30, sash0924

Why should organizations be allowed to promote offensive, violent, sexual, or unhealthy products that can be legally sold and purchased?

Answers: 3

continue

Business, 22.06.2019 05:30, amandajbrewerdavis

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

Answers: 2

continue

Business, 22.06.2019 10:50, iaminu50

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?

Answers: 3

continue

Business, 22.06.2019 11:00, hgfgu829

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement

Answers: 3

continue

Do you know the correct answer?

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