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The following information relates to Bonita Real Estate Agency. Oct. 1 James Bonita begins business as a real estate agent with a cash investment of
The following information relates to Bonita Real Estate Agency. Oct. 1 James Bonita begins business as a real estate agent with a cash investment of $17,700. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,242, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $4,248 for realty services performed. 27 Pays $1,298 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,950 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 fortheamounts.)
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