Fi Chegg Study lGuided So x gen.w S kimmel, Financial acountin nting rac tice As
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Question
Fi Chegg Study lGuided So x gen.w S kimmel, Financial acountin nting rac tice Assignment Grad 10 0 gnment Exercise 3-13 s information elates to lReal Estate Agency oct. 1 Stockholders ono in exthange for sommert t he corporatign 2 Hires an admnstat ve asistant at an anpual alary of .ooç antan Buys office furniturel for 53,800 on account and lot for El d. Roads, commissions duelf $10. 800 not paid by Roads at this time of $1401as commission ntirentinglan apatment 10 Receives 27 Pays $7 or actinglas renta ased 30Pay ant tober Post the tran (Post entries in the order of information presented in the question.) CashExplanation / Answer
Cash 1-Oct 30,000 27-Oct 700 10-Oct 140 30-Oct 3,000 Bal 26,440 Account receivable 6-Oct 10,800 Bal 10,800 Equipment 3-Oct 3,800 Bal 3,800 Accounts payable 27-Oct 700 3-Oct 3,800 Bal 3,100 Common stock 1-Oct 30,000 Bal 30,000 Service revenue 6-Oct 10,800 10-Oct 140 Bal 10,940 Salaries and wage expense 30-Oct 3,000 Bal 3,000 Trial balance Debit Credit Cash 26,440 Account receivable 10,800 Equipment 3,800 Accounts payable 3,100 Common stock 30,000 Service revenue 10,940 Salaries & wage expense 3,000 total 44,040 44040
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