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Post the transactions to t accounts for hanshew real estate

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Reference no: EM132707606

This information relates to Hanshew Real Estate Agency.

  1. Oct. 1 Stockholders invested $35,000 in exchange for common stock of the corporation.
  2. 2 Hires an administrative assistant at an annual salary of $36,000. Buys equipment for $3,500 on account.
  3. 6 Sells a house and lot for M Springer; commissions due from Springer, $10,000 (not paid by Springer at this time).
  4. 10 Receives cash of $140 as commission for acting as rental agent renting an apartment.
  5. 27 Pays $700 on account for the equipment purchased on October 3.
  6. 30 Pays the administrative assistant $3,000 in salary for October.

Instructions

Question (a) Journalize the transactions. Do not provide explanations.

Question (b) Post the transactions to T accounts.

Question (c) Prepare a Trial Balance.

Reference no: EM132707606

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