This information relates to Marigold Real Estate Agency. Oct. 1 Stockholders invest $29,800 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $30,840.
3 Buys office furniture for $3,680, on account.
6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,070 (not paid by Roads at this time).
10 Receives cash of $200 as commission for acting as rental agent renting an apartment.
27 Pays $780 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $2,570 in salary for October. 10 27 30
1. Post the transactions to T-accounts.
2. Prepare a trial balance at October 31, 2022.