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Presented below is information related to Lexington Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment
Presented below is information related to Lexington Real Estate Agency.
Oct. | 1 | Diane Lexington begins business as a real estate agent with a cash investment of $15,600 in exchange for common stock. | |
2 | Hires an administrative assistant. | ||
3 | Purchases office furniture for $2,250, on account. | ||
6 | Sells a house and lot for N. Fennig; bills N. Fennig $4,000 for realty services performed. | ||
27 | Pays $800 on the balance related to the transaction of October 3. | ||
30 | Pays the administrative assistant $2,750 in salary for October. |
Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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