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Question 4 of 13 -/7.69 The following information is related to Kingbird Real Estate Agency. Oct. 1 2 3 Diane Lexington begins business as a
Question 4 of 13 -/7.69 The following information is related to Kingbird Real Estate Agency. Oct. 1 2 3 Diane Lexington begins business as a real estate agent with a cash investment of $24,200 in exchange for common stock. Hires an administrative assistant Purchases office furniture for $2,250, on account. (Hint: Use the Equipment account.) Sells a house and lot for N. Fennig: bills N. Fennig $3,350 for realty services performed. Pays $600 on the balance related to the transaction of October 3. Pays the administrative assistant $2,300 in salary for October. 6 27 30 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 Oct. 1 Debits Debit Credits Credit Oct 2 Debits Debit Increase Assets Increase Revenues Decrease Liabilities Decrease Assets Increase Expenses Increase Stockholders' Equity Decrease Revenues Decrease Stockholders' Equity Decrease Expenses Increase Liabilities No Effect Credits Credit Oct 3 Debits Debit Goodies Gradina Question 4 of 13 - / 7.69 Debit-Credit Analysis Oct. 1 Debits Debit Credits Credit Oct. 2 Debits Debit Credits Credit Oct 3 Debits Debit Credits Credit 4 Oct 6 Debits Debit Credits : Credit Oct 27 Debits :: Debit Credits Credit Oct 30 Debits Debit Credits Credit MacBook Pro
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