Oct. $1$James Sheffield begins business as a real estate agent with a cash investment of $$21,750\mathrm{.}2$ Hires an administrative assistant$\mathrm{.}3$ Purchases office furniture for $$2,755,$ on account$\mathrm{.}6$Sells a house and lot for C$.$ Rouse; bills C$.$ Rouse $$5,220$ for realty services performed$\mathrm{.}27.$Pays $$1,595$ on the balance related to the transaction of October $3\mathrm{.}30$Pays the administrative assistant $$3,625$ in salary for October.