This information relates to Plunkett Real Estate Agency. - 14710

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Exercise 3-8
Your answer is correct.

This information relates to Plunkett Real Estate Agency.

Oct. 1   Stockholders invest $30,990 in exchange for common stock of the corporation.
2   Hires an administrative assistant at an annual salary of $33,840.
3   Buys office furniture for $4,200, on account.
6   Sells a house and lot for M.E. Petty; commissions due from Petty, $10,570 (not paid by Petty at this time).
10   Receives cash of $210 as commission for acting as rental agent renting an apartment.
27   Pays $740 on account for the office furniture purchased on October 3.
30   Pays the administrative assistant $2,820 in salary for October.

Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Exercise 3-8.docx