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Question 5 View Policies Current Attempt in Progress The following information relates to Crane Real Estate Agency. James Crane begins business as a real estate
Question 5 View Policies Current Attempt in Progress The following information relates to Crane Real Estate Agency. James Crane begins business as a real estate agent with a cash investment of $22,050. Oct. 1 2 Hires an administrative assistant Purchases office furniture for $2,793, on account. Sells a house and lot for C. Rouse; bills C. Rouse $5,292 for realty services performed. Pays $1,617 on the balance related to the transaction of October 3. Pays the administrative assistant $3,675 in salary for October. 3 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 0 for the amounts.) Debit-Credit Analysis Affect on Accounting Equation Affect on Amounts Debit Oct. 1 Debits Credits Credit $ Debits Oct. 2 Debit Credits Credit $ Oct. 3 Debits Debit Credits Credit $ Oct. 6 Debits Debit Credits Credit $ Oct. 27 Debits Debit Credits Credit $ Oct. 30 Debits Debit $ Credits Credit te
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