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NB: complete all rows including effect on account, Debit, creditand affect on amounts Current Attempt in Progress The following information relates to Sheridan Real Estate
NB: complete all rows including effect on account, Debit, creditand affect on amounts
Current Attempt in Progress The following information relates to Sheridan Real Estate Agency. Oct. 1 2 3 James Sheridan begins business as a real estate agent with a cash investment of $17.400. Hires an administrative assistant Purchases office furniture for $2,204, on account Sells a house and lot for C. Rouse; bills C. Rouse $4,176 for realty services performed. Pays $1,276 on the balance related to the transaction of October 3. Pays the administrative assistant $2,900 in salary for October. 6 27 30 Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry for the account titles and entero for the amounts.) Debit-Credit Analysis Effect on Accounting Equation Effect on Amounts Debit $ Credit $ $ Debit $ Credit S Debit $ Credit Debit Credit $ Debit Credit s Debit $ Credit Step by Step Solution
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