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The following information is related to Blue Spruce Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a

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The following information is related to Blue Spruce Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $17,400 in exchange for common stock. Hires an administrative assistant. 2 3 Purchases office furniture for $2,350, on account. (Hint: Use the Equipment account.) 6 Sells a house and lot for N. Fennig; bills N. Fennig $3,600 for realty services performed. 27 Pays $650 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,400 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.)

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