Exercise 3-08 This information relates to Monty Real Estate Agency Oct.1 Stockholders invest $34,040 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $32,880. 3 Buys office furniture for $4,110, on account. 6 Sells a house and lot for E. C. Roads, commissions due from Roads, $10,780 (not paid by Roads at this time) 10 Receives cash of $165 as commission for acting as rental agent renting an apartment. 27 Pays $690 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $2.740 in salary for October Prepare the debit-credit analysis for each transaction. (If there is no transaction then enter No Effect for the account and o for the amount.) Oct 1 Debits Debit Credits Credit Oct. 2 Debits Debit Credits Credit 5 Oct 3 Credit Oct. 3 Debits Debit $ Credits Debit 5 Credits Credit ys Oct 10 Depits 0403 Chest Credit Oct 27 Debito Oct. 10 Debits Debit $ Credits Credit $ Oct. 27 Debits Debit