Recording Transactions Exercise: E2-4 The following information relates to Sanculi Real Estate Agency.Oct. 1 Alan Sanculi begins business as a real estate agent with a cash investment of$15,000. 2 Hires an administrative assistant. 3 Purchases office furniture for $1,900, on account. 6 Sells a house and lot for R. Craig; bills R. Craig $3,800 for realty services performed. 27 Pays $1,100 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,500 in salary for October.InstructionsPrepare the debit-credit analysis for each transaction E2-5 Transaction data for Sanculi Real Estate Agency are presented in E2-4 Summary of Lesson Two: Recording Accounting Transactions& hints for exercises of lesson two 1. Journalizing: record accounting transactions by time. 2. The recording process should be in the format of 3. Normal Balance: when a specific account gets increased, shall we put it on debit or credit side. 3a) Normal Balances of Assets, Expenses, and Drawing: Debit 3b) Normal Balances of Liabilities, Revenue, and Withdrawal: Credit