This information relates to Sarasota Real Estate Agency.
Oct. 1 Stockholders invest $31,580 in exchange for common stock of the corporation.
Oct 2 Hires an administrative assistant at an annual salary of $33,360.
Oct 3 Buys office furniture for $3,650, on account.
Oct 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $11,680 (not paid by Roads at this time).
Oct 10 Receives cash of $135 as commission for acting as rental agent renting an apartment.
Oct 27 Pays $610 on account for the office furniture purchased on
Oct 30 Pays the administrative assistant $2,780 in salary for October. Prepare the debit-credit analysis for each transaction.