This information relates to Pickert Real Estate Agency.
Stockholders invested $30,000 in exchange for common stock of the corporation.
Hires an administrative assistant at an annual salary of $42,000.
Buys office furniture for $4,600, on account.
Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800 (not paid by Petty at this time).
Receives cash of $140 as commission for acting as rental agent renting an apartment.
Pays $700 on account for the office furniture purchased on October 3.
Pays the administrative assistant $3,500 in salary for October.
Post the transactions to T-accounts and complete the following trial balance.(If answer is zero, please enter 0, do not leave any fields blank.)
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