This information relates to Plunkett Real Estate Agency.
Stockholders invest $29,870 in exchange for common stock of
Hires an administrative assistant at an annual salary of
Buys office furniture for $3,890, on account.
Sells a house and lot for M.E. Petty; commissions due from
Petty, $11,540 (not paid by Petty at this time).
Receives cash of $190 as commission for acting as rental
agent renting an apartment.
Pays $780 on account for the office furniture purchased on
Pays the administrative assistant $3,210 in salary for
post the transactions to T accounts. (post entries
in the order of information presented in the
Prepare a trial balance at October 31, 2012.