prepare the debit ndash credit analysis for each transaction 564083

1

Stockholders invest $30,000 in exchange for common stock of the corporation.

2

Hires an administrative assistant at an annual salary of $42,000.

3

Buys office furniture for $4,600, on account.

6

Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800
(not paid by Petty at this time).

10

Receives cash of $140 as commission for acting as rental agent renting
an apartment.

27

Pays $700 on account for the office furniture purchased on October 3.

30

Pays the administrative assistant $3,500 in salary for October.