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Oct. 1 2 Presented below is information related to Concord Corporation. Diane Lexington begins business as a real estate agent with a cash investment
Oct. 1 2 Presented below is information related to Concord Corporation. Diane Lexington begins business as a real estate agent with a cash investment of $28,426 in exchange for common stock. Hires an administrative assistant. 3 Purchases office furniture for $3,269, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig $5,117 for realty services performed. 27 Pays $1,208 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,553 in salary for October. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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