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The following information is related to Bramble Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment
The following information is related to Bramble Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $19,500 in exchange for common stock 2 Hires an administrative assistant. 3 Purchases office furniture for $1,900, on account. (Hint: Use the Equipment account) 6 Sells a house and lot for N. Fennig; bills N. Fennig $3,800 for realty services performed. 27 Pays $1,500 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,750 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.) The following information is related to Bramble Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a cash irvestment of $19,500 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $1,900, on account. (Hint: Use the Equipment account) 6 Sells a house and lot for N. Fennig; bills N. Fennig $3,800 for realty services performed. 27 Pays $1,500 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,750 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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