Question 11 of 12 < > This information relates to Bramble Real Estate Agency. Oct. 1 Stockholders invest $29,300 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $30,240. 3 Buys office furniture for $3,630, on account. 6 (a) 0.26 10 10 27 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,020 (not paid by Roads at this time). Receives cash of $150 as commission for acting as rental agent renting an apartment. Pays $760 on account for the office furniture purchased on October 3. 30 30 Pays the administrative assistant $2,520 in salary for October. Your answer is partially correct. DELL F5 F6 F7 F8 F10 F11 F12 PrtScr 14 3 # E A R P % 5 & ( 7 8 T

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Post the transactions to t- account ( post entries in the order of information presented in the question cash, account receivable, equipment, account payable, common stock, service revenue, sales and wages expenses)
Question 11 of 12
< >
This information relates to Bramble Real Estate Agency.
Oct. 1
Stockholders invest $29,300 in exchange for common stock of the corporation.
2
Hires an administrative assistant at an annual salary of $30,240.
3
Buys office furniture for $3,630, on account.
6
(a)
0.26
10
10
27
Sells a house and lot for E. C. Roads; commissions due from Roads, $10,020 (not paid by Roads at this time).
Receives cash of $150 as commission for acting as rental agent renting an apartment.
Pays $760 on account for the office furniture purchased on October 3.
30
30
Pays the administrative assistant $2,520 in salary for October.
Your answer is partially correct.
DELL
F5
F6
F7
F8
F10
F11
F12
PrtScr
14
3
#
E
A
R
P
%
5
&
(
7
8
T
Transcribed Image Text:Question 11 of 12 < > This information relates to Bramble Real Estate Agency. Oct. 1 Stockholders invest $29,300 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $30,240. 3 Buys office furniture for $3,630, on account. 6 (a) 0.26 10 10 27 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,020 (not paid by Roads at this time). Receives cash of $150 as commission for acting as rental agent renting an apartment. Pays $760 on account for the office furniture purchased on October 3. 30 30 Pays the administrative assistant $2,520 in salary for October. Your answer is partially correct. DELL F5 F6 F7 F8 F10 F11 F12 PrtScr 14 3 # E A R P % 5 & ( 7 8 T
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education