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ES Exercise 2-4 Presented below is information related to Lexington Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with

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ES Exercise 2-4 Presented below is information related to Lexington Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $23,800 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,000, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig $3,150 for realty services performed. 27 Pays $1,250 on the balance related to the transaction of 30 Pays the administrative assistant $2,850 in salary for October. 3. udy rare te debiteedit analysis for each transaction. (r no entry s required, select-No Entry" for the account titles and enter 0 fr the amounts.) Oct. 1 Debits Debit Credits Oct. 2 Debits B. Debit Credit 14

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