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-   -   Oct. 1 Stockholders invest $31,910 in exchange for common stock of the corporation. (https://www.askmehelpdesk.com/showthread.php?t=678319)

  • Jul 3, 2012, 05:42 AM
    Tommyjoo
    Oct. 1 Stockholders invest $31,910 in exchange for common stock of the corporation.
    This information relates to Plunkett Real Estate Agency.

    Oct. 1 Stockholders invest $30,870 in exchange for common stock of the corporation.
    2 Hires an administrative assistant at an annual salary of $35,520.
    3 Buys office furniture for $3,760, on account.
    6 Sells a house and lot for M.E. Petty; commissions due from Petty, $11,780 (not paid by Petty at this time).
    10 Receives cash of $210 as commission for acting as rental agent renting an apartment.
    27 Pays $660 on account for the office furniture purchased on October 3.
    30 Pays the administrative assistant $2,960 in salary for October.
  • Jul 3, 2012, 05:44 AM
    Tommyjoo
    Oct. 1 Stockholders invest $31,910 in exchange for common stock of the corporation.
    The May transactions of StepAside Corporation were as follows.

    May 4 Paid $610 due for supplies previously purchased on account.
    7 Performed advisory services on account for $7,260.
    8 Purchased supplies for $820 on account.
    9 Purchased equipment for $2,950 in cash.
    17 Paid employees $750 in cash.
    22 Received bill for equipment repairs of $820.
    29 Paid $1,220 for 12 months of insurance policy. Coverage begins June 1.
  • Jul 3, 2012, 10:19 AM
    pready
    Do you have a question?

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