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ce Assignment Gradebook ORION Downloadable eTextbook ent Exercise 2-4 Presented below is information related to Lexington Real Estate Agency. Oct. 1 Diane Lexington begins business
ce Assignment Gradebook ORION Downloadable eTextbook ent Exercise 2-4 Presented below is information related to Lexington Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $17,000 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,100, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig $3,100 for realty services performed 27 Pays $1,000 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,500 in salary for October. Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter Debit-Credit Analysis Affect on Accounting Equation Affect on Amounts Oct. 1 Debits Debit Credits Credit Oct. 2 Debits Debit : Credit Credits
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