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

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The following information is related to Concord Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $24,500 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,400, on account. (int: Use the Equipment account.) 6 Sells a house and lot for N. Fennig: bills N. Fennig $3,400 for realty services performed. 27 Pays $550 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,850 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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