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Problem 1: The information below relates to Mcmill real estate agency: 1st oct: stockholders invested $34,000 in exchange for common stock of the agency. 2nd oct: hires an administrative assistant who will start working from the 15th of november at an annual salary of $36,000. 3rd oct: buys equipment for $3,500 on account. 10th oct: receives $1400 in commission for acting as rental agent renting an apartment. 27th oct: pays the full due amount for the equipment purchased on october 3. 30th oct: pays dividends of $3,000 to the stockholders . from the transactions above, the balance of cash ledger account would be?
Financial Statement Analysis and Preparation
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