Question

This information relates to Flounder Real Estate Agency.

Oct. 1		Stockholders invest $33,540 in exchange for common stock of the corporation.
2		Hires an administrative assistant at an annual salary of $37,680.
3		Buys office furniture for $3,710, on account.
6		Sells a house and lot for E. C. Roads; commissions due from Roads, $12,710 (not paid by Roads at this time).
10		Receives cash of $220 as commission for acting as rental agent renting an apartment.
27		Pays $650 on account for the office furniture purchased on October 3.
30		Pays the administrative assistant $3,140 in salary for October.

Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Oct. 1Oct. 2Oct. 3Oct. 6Oct. 10Oct. 27Oct. 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

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Answer 1

Date	Account Titles and explanation	Debit	Credit
Oct 01	Cash	33,540
	common Stock		33,540
Oct 02	No Entry	0
	No Entry		0
Oct 03	Equipment	3710
	Account Payable		3710
Oct 06	Accounts receivable	12710
	Service revenue		12710
Oct 10	Cash	220
	Service revenue		220
Oct 27	Accounts Payable	650
	Cash		650
Oct 30	Salary and wages expenses	3,140
	Cash		3,140