This information relates to Monty Real Estate Agency. Oct. 1 2 3 10 27 30 Stockholders invest $30,000 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $31,080. Buys office furniture for $3,700, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,090 (not paid by Roads at this time). Receives cash of $220 as commission for acting as rental agent renting an apartment. Pays $630 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,590 in salary for October.

This information relates to Monty Real Estate Agency. Oct. 1 2 3 10 27 30 Stockholders invest $30,000 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $31,080. Buys office furniture for $3,700, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,090 (not paid by Roads at this time). Receives cash of $220 as commission for acting as rental agent renting an apartment. Pays $630 on account for the office furniture purchased on October 3. Pays the administrative assistant $2,590 in salary for October.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please dont provide solution image based thank you

This information relates to Monty Real Estate Agency.
Oct. 1
2
3 Buys office furniture for $3,700, on account.
Sells a house and lot for E. C. Roads; commissions due from Roads, $10,090 (not paid by Roads at this time).
Receives cash of $220 as commission for acting as rental agent renting an apartment.
Pays $630 on account for the office furniture purchased on October 3.
Pays the administrative assistant $2,590 in salary for October.
6
10
27
Stockholders invest $30,000 in exchange for common stock of the corporation.
Hires an administrative assistant at an annual salary of $31,080.
30

(b)
Prepare a trial balance at October 31, 2022
MONTY REAL ESTATE AGENCY
Trial Balance
$
Debit
Credit

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