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The following information is related to Novak Real Estate Agency Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment
The following information is related to Novak Real Estate Agency Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $24.400 in exchange for common stock. 2 Hires an administrative assistant. 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 $3.250 for realty services performed. 27. Pays $1,100 on the belance 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 emry is required, select 'No Entry for the occount titles and enter O for the amounts
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