Oct. 1 2 3 6 Jason Allen begins business as a real estate agent with a cash investment of $27,300 in exchange for common stock. Hires an administrative assistant. Purchases office furniture for $5,200, by paying $930 cash with the balance on account. Sells a house and lot for N. Johnson, earning a fee of $5,900, with $830 collected in cash and the balance billed to N. Johnson. 27 Pays $3,200 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $4,600 in salary for October. 31 Collects $3,500 of the balance owed by N. Johnson. Date Account Titles Debit Oct.1 Cash Oct.2 Oct.3 Oct.6 Common Stock 27300 Credit 27300 Oct.27 Oct.30 Oct.31