This information relates to Pickert Real Estate Agency.Oct. 1Stockholders invested $30000 in exchange for common stock of the corporation.Oct. 2Hires an administrative assistant at an annual salary of $42000.Oct. 3Buys office furniture for $4600 on account.Oct. 6Sells a house and lot for M.E. Petty; commissions due from Petty $10800 (not paid by Petty at this time).Oct. 10Receives cash of $140 as commission for acting as rental agent renting an apartment.Oct. 27Pays $700 on account for the office furniture purchased on October 3.Oct. 30Pays the administrative assistant $3500 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.)Question 4This is the trial balance of Slocombe Company on September 30.SLOCOMBE COMPANYTrial BalanceSeptember 30 2010DebitCreditCash$8300Accounts Receivable2600Supplies2100Equipment8000Accounts Payable$5100Unearned Revenue900Common Stock
15000$21000$21000The October transactions were as follows.Oct. 5
Received $1300 in cash from customers for accounts receivable due.10
Billed customers for services performed $5100.15
Paid employee salaries $1400.17
Performed $600 of services for customers who paid in advance in August.20
Paid $1500 to creditors for accounts payable due.29
Paid a $300 cash dividend.31
Paid utilities $500.Post to ledger accounts and then complete the following trial balance.(If answer is zero please enter 0 do not leave any fields blank.)
