This-information-relates-to-McCall-Real-Estate-Agency-accounting-homework-help

This information relates to McCall Real Estate Agency.


Oct. 1
Stockholders invest $31,120 in exchange for common stock of the corporation.
2Hires an administrative assistant at an annual salary of $36,600.
3Buys office furniture for $3,760, on account.
6Sells a house and lot for E. C. Roads; commissions due from Roads, $12,780 (not paid by Roads at this time).
10Receives cash of $210 as commission for acting as rental agent renting an apartment.
27Pays $670 on account for the office furniture purchased on October 3.
30Pays the administrative assistant $3,050 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 0 for the amount.)

Oct. 1Debits

Debit

$

Credits

Credit

$

Oct. 2Debits

Debit

$

Credits

Credit

$

Oct. 3Debits

Debit

$

Credits

Credit

$

Oct. 6Debits

Debit

$

Credits

Credit

$

Oct. 10Debits

Debit

$

Credits

Credit

$

Oct. 27Debits

Debit

$

Credits

Credit

$

Oct. 30Debits

Debit

$

Credits

Credit

$

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