Current Attempt in Progress The following information relates to Concord Real Estate Agency. Oct. 1 2 3 James Concord begins business as a real estate agent with a cash investment of $22,200. Hires an administrative assistant. Purchases office furniture for $2,812, on account. Sells a house and lot for C. Rouse; bills C. Rouse $5,328 for realty services performed. Pays $1.628 on the balance related to the transaction of October 3. Pays the administrative assistant $3.700 in salary for October. 6 27 30 Debit-Credit Analysis Affect on Accounting Equation Oct. Debits 1 Increase Assets : Debit asset $ Credits Increase Owner's Equity V: Credit $ Oct. 2 Debits No Effect Debit $ Credits Credit $ Oct. Debits Increase Expenses : Debit $ $ Credits Credit Debit Oct. 6 Debits Oct. 6 Debits Debit Credits Credit Oct. 27 Debits Debit Credits 3 Credit Oct. 30 Debits Debit Credits Credits Credit e Textbook and Media Debit-Credit Analysis Affect on Accounting Equation Affect on Amounts ncrease Assets : Debit $ asset ncrease Owner's Equity Credit $ lo Effect Debit $ Credit $ screase Expenses Debit $ Credit $ Debit