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The following information relates to Sunland Real Estate Agency. Oct. 1 James Sunland begins business as a real estate agent with a cash investment

The following information relates to Sunland Real Estate Agency. Oct. 1 James Sunland begins business as a real estate agent with a cash investment of $16,350. Hires an administrative assistant. 2 3 Purchases office furniture for $2,071, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $3,924 for realty services performed. 27 Pays $1,199 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,725 in salary for October.

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