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E2.4 (LO 1) The following information relates to Yansheng Real Estate. Oct. 1 Biao Yansheng begins business as a real estate agent with a cash

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E2.4 (LO 1) The following information relates to Yansheng Real Estate. Oct. 1 Biao Yansheng begins business as a real estate agent with a cash investment of HK $17,000. Hires a part-time administrative assistant. Purchases supplies for HK $1,900, on account. Sells a house and lot for C. Chow; bills C. Chow HK $3,800 for realty services performed. Pays HK $1,300 on the balance related to the transaction of October 3 . 30 Pays the administrative assistant HK$2,500 in salary for October. Prepare the debit-credit analysis for each transaction as illustrated in the textbook. Instructions

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