ACC 290 Week 2 WileyPLUS Assignment Week Two

ACC 290 Week 2 WileyPLUS Assignment Week Two


A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders’ equity is explained……..


This information relates to Pickert Real Estate Agency.

Oct. 1 Stockholders invested $30,000 in exchange for common stock of the corporation

Oct. 2 Hires an administrative assistant at an annual salary of $42,000

Oct. 3 Buys office furniture for $4,600, on account

Oct. 6 Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800 (not paid by Petty at this time)

Oct. 10 Receives cash of $140 as commission for acting as rental agent renting an apartment

Oct. 27 Pays $700 on account for the office furniture purchased on October 3

Oct. 30 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.)