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3 years ago

This information relates to McCall Real Estate Agency.

Business

1 answer:

inn [45]3 years ago

6 0

Answer:

Oct. 1

Cash $33,540 (debit)

Common Stock $33,540 (credit)

Being Investment made by Stockholders

Oct. 2

Salaries Expense $3,460 (debit)

Salaries Payable $3,460 (credit)

Being administrative assistant hired

Oct. 3

Office furniture $3,690 (debit)

Accounts Payable $3,690 (credit)

Being Office Furniture Purchased on Account

Oct. 6

Accounts Receivable $11,190 (debit)

Commission Earned $11,190 (credit)

Being Commission earned not yet paid

Oct. 10

Cash $155 (debit)

Commission Earned $155 (credit)

Being commission earned and paid up

Oct. 27

Accounts Payable $660 (debit)

Cash $660 (credit)

Being payment of office furniture

Oct. 30

Salaries Payable $3,460 (debit)

Cash $3,460 (credit)

Being payment of October Salary to administrative assistant

Explanation:

The Journal Entry and Narrations are given above.

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3 years ago

Avery Co. has $1.1 million of debt, $1 million of preferred stock, and $2.2 million of common equity. What would be its weight o

Vladimir79 [104]

Answer:

0.26

Explanation:

Given that :

Value of debt = $1.1 million

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