following information relates to Concord Real Estate Agency. ct. 1 2 James Concord begins business as a real estate agent with a cash investment of $18,600. Hires an administrative assistant. 3 Purchases office furniture for $2,356, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $4,464 for realty services performed. 27 Pays $1,364 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3.100 in salary for October. each of the following accounts, indicate the effects of a debit and a credit on the accounts an Debit Effect Credit Effect Normal Balance Accounts Payable Advertising Expense Service Revenue Accounts Receivable Owner's Capital Owner's Drawings > > >