Exercise 2-04 (Video)

The following information relates to Royale Real Estate Agency.

Oct. 1		James Royale begins business as a real estate agent with a cash investment of $17,000.
2		Hires an administrative assistant.
3		Purchases office furniture for $1,900, on account.
6		Sells a house and lot for C. Rouse; bills C. Rouse $3,800 for realty services performed.
27		Pays $1,300 on the balance related to the transaction of October 3.
30		Pays the administrative assistant $2,500 in salary for October.