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Current Attempt in Progress The following information is related to Lexington Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent

Current Attempt in Progress

The following information is related to Lexington Real Estate Agency.

Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $20,000 in exchange for common stock.
2 Hires an administrative assistant.
3 Purchases office furniture for $2,300, on account.
6 Sells a house and lot for N. Fennig; bills N. Fennig $3,600 for realty services performed.
27 Pays $850 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 0 for the amounts.)

Debit-Credit Analysis

Oct. 1 Debits select an effect on a basic account type
:

Debit

enter an account title for the journal entry on October 1

$enter a dollar amount

Credits select an effect on a basic account type
:

Credit

enter an account title for the journal entry on October 1

$enter a dollar amount

Oct. 2 Debits select an effect on a basic account type
:

Debit

enter an account title for the journal entry on October 2

$enter a dollar amount

Credits select an effect on a basic account type
:

Credit

enter an account title for the journal entry on October 2

$enter a dollar amount

Oct. 3 Debits select an effect on a basic account type
:

Debit

enter an account title for the journal entry on October 3

$enter a dollar amount

Credits select an effect on a basic account type
:

Credit

enter an account title for the journal entry on October 3

$enter a dollar amount

Oct. 6 Debits select an effect on a basic account type
:

Debit

enter an account title for the journal entry on October 6

$enter a dollar amount

Credits select an effect on a basic account type
:

Credit

enter an account title for the journal entry on October 6

$enter a dollar amount

Oct. 27 Debits select an effect on a basic account type
:

Debit

enter an account title for the journal entry on October 27

$enter a dollar amount

Credits select an effect on a basic account type
:

Credit

enter an account title for the journal entry on October 27

$enter a dollar amount

Oct. 30 Debits select an effect on a basic account type
:

Debit

enter an account title for the journal entry on October 30

$enter a dollar amount

Credits select an effect on a basic account type
:

Credit

enter an account title for the journal entry on October 30

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