Oct. 1 Stockholders invested $30,399 in exchange for common stock of the corpora

Question

Oct. 1 Stockholders invested $30,399 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 $4,851, on account.
Oct. 6 Sells a house and lot for M.E. Petty; commissions due from Petty, $11,051 (not paid by Petty at this time).
Oct. 10 Receives cash of $539 as commission for acting as rental agent renting an apartment.
Oct. 27 Pays $951 on account for the office furniture purchased on October 3.
Oct. 30 Pays the administrative assistant $3,899 in salary for October.

Explanation / Answer

If you are looking for the balance here it is. $30,399 - $3,899 + $539 - $951 = $26,088 The total balance is $26,088. You don't include Oct.1, Oct.6, as nothing is charged. Hope this helps, best of luck.

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