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Current Attempt in Progress The following information relates to Sheffield Real Estate Agency. Oct. 1 2 3 6 27 30 James Sheffield begins business as
Current Attempt in Progress The following information relates to Sheffield Real Estate Agency. Oct. 1 2 3 6 27 30 James Sheffield begins business as a real estate agent with a cash investment of $ 16,950. Hires an administrative assistant. Purchases office furniture for $2,147, on account. Sells a house and lot for C. Rouse; bills C. Rouse $4,068 for realty services performed. Pays $1,243 on the balance related to the transaction of October 3. Pays the administrative assistant $2,825 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 en amounts.) Debit-Credit Analysis
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