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Question 1 of 5 - 12 Current Attempt in Progress The following information is related to Marigold Real Estate Agency, Oct. 1 Diane Lexington begins
Question 1 of 5 - 12 Current Attempt in Progress The following information is related to Marigold Real Estate Agency, Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $ 23,800 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,000, on account. (Hint: Use the Equipment account.) 6 Sells a house and lot for N. Fennig; bills N. Fennig $ 3,150 for realty services performed. 27 Pays $ 1,250 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $ 2,850 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 O for the amounts.) Debit-Credit Analysis Debit 23,800 Oct. 1 Debits Credit 23,800 Credits Debit Oct 2 Debits Credit Credits Debit 2,000 Oct. 3 Debits Credit 2,000 Credits Oct. 2. Debits Debit Credits Credit Oct. 3 Debits Debit 2,000 Credits Credit 2,000 Oct. va 6 Debits Debit 3,150 Credits Credit 3.150 Debit 1,250 Debits Oct. 27 Credit 1.250 Credits Debit 2,850 Oct. 30 Debits Credit 2,850 Credits e Textbook and Media List of Accounts
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