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Exercise 2-5 Presented below is information related to Lexington Real Estate Agency Oct. Diane Lexington begins business as a real estate agent with a cash
Exercise 2-5 Presented below is information related to Lexington Real Estate Agency Oct. Diane Lexington begins business as a real estate agent with a cash investment of $28,922 in exchange for 1 common stock. 2 Hires an administrative assistant 3 Purchases office furniture for $3,326, on account 6 Sells a house and lot for N. Fennig; bills N. Fennig $5,206 for realty services performed. 27 Pays $1,229 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,615 in salary for October
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