1 E2.4 (LO 1), C The following information is related to Lexington Real Estate Agency Diane Lexington begins business as a real estate agent with a cash investment of $20,000 in Oct. exchange for common stock. Hires an administrative assistant. 3 Purchases office furniture for $2,300, on account. Sells a house and lot for N. Fennig; bills N. Fennig 6 $3,600 for realty services performed. Pays $850 on the balance related to the 2 27 transaction of October 3. Pays the administrative assistant $2,500 in salary for October. 30 Instructions Prepare the debit-credit analysis for each transaction as illustrated in the chapter. Journalize transactions. 1 E2.4 (LO 1), C The following information is related to Lexington Real Estate Agency Diane Lexington begins business as a real estate agent with a cash investment of $20,000 in Oct. exchange for common stock. Hires an administrative assistant. 3 Purchases office furniture for $2,300, on account. Sells a house and lot for N. Fennig; bills N. Fennig 6 $3,600 for realty services performed. Pays $850 on the balance related to the 2 27 transaction of October 3. Pays the administrative assistant $2,500 in salary for October. 30 Instructions Prepare the debit-credit analysis for each transaction as illustrated in the chapter. Journalize transactions