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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

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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 of $15,200 in exchange for common stock 2 Hires an administrative assistant. 3 Purchases office 6 Sells a house and lot for N. Fennig; bills N. Fennig $3,850 for realty services performed. 27 Pays $1,100 on the balance related to the transaction of 30 Pays the administrative assistant $2,050 in salary for October. 3. -credit analysis for each t ransaction. (I no entry Debit-Credit Analysis is required, select "No Entry" for the account titles and enter O for the amounts.) Oct. 1 Debits Increase Assets ts D Credit Oct. 2 Debits D: Credit Oct. 3 Debits Debit Oct. 6 Debits Debit 14

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