Business, 13.10.2020 06:01 daniellcharmaine

This information relates to Sheffield Real Estate Agency. Oct. 1 Stockholders invest $33,860 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $31,320.
3 Buys office furniture for $3,850, on account.
6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,620 (not paid by Roads at this time).
10 Receives cash of $220 as commission for acting as rental agent renting an apartment.
27 Pays $790 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $2,610 in salary for October.

Required:
Prepare the debit-credit analysis for each transaction.

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This information relates to Sheffield Real Estate Agency. Oct. 1 Stockholders invest $33,860 in exc...