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Oct. 1 2 Presented below is information related to Cheyenne Company. Diane Lexington begins business as a real estate agent with a cash investment of
Oct. 1 2 Presented below is information related to Cheyenne Company. Diane Lexington begins business as a real estate agent with a cash investment of $26,956 in exchange for common stock. Hires an administrative assistant. 3 Purchases office furniture for $3,100, on account. 6 Sells a house and lot for N. Fennig: bills N. Fennig $4,852 for realty services performed. 27 Pays $1,146 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,369 in salary for October (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record ni mauired, select "No Entry" for the account tities and enter O for the amounts) Question 2 of 6 Oct. 1 Cash < Common Stock Oct. 2 No Entry No Entry 29.854 Oct. 3 Equipment 3.433 Accounts Payable Oct. 6 Accounts Receivable: 5.374 Service Revenue Oct. 27 Accounts Payable 1.269 0.76/1 29,854 3,433 5.374 Cash 1269 Oct. 30 Salaries and Wages Expense 3,732 3,732 Cash
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