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Date Account Titles and Explanation Debit Credit The following information relates to Lily Real Estate Agency. Oct. 1 James Lily begins business as a real

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Date Account Titles and Explanation Debit Credit The following information relates to Lily Real Estate Agency. Oct. 1 James Lily begins business as a real estate agent with a cash investment of $21,450. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,717, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $5,148 for realty services performed. 27 Pays $1,573 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,575 in salary for October. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. D problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts

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