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Plunkett Real Estate 30000

Price: $1.99


This information relates to Plunkett Real Estate Agency.

Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $36,000.
3 Buys office furniture for $3,800, on account.
6 Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800
(not paid by Petty at this time).
10 Receives cash of $140 as commission for acting as rental agent renting an apartment.
27 Pays $700 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $3,000 in salary for October.

Instructions
(a) Post the transactions to T accounts.
(b) Prepare a trial balance at October 31, 2012.

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