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Transaction data for Kingbird Real Estate Agency are presented as follows. Oct. 1 Diane Lexington begins business as a real estate agent with a cash
Transaction data for Kingbird Real Estate Agency are presented as follows. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $20,238 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,327, on account. 6 Sells a house and lot for N. Fennig; bills N. Fennig $3,643 for realty services performed. 27 Pays $860 on the balance related to the transaction of October 3. 30 Pays theadministrative assistant $2,530 in salary for October: Journalize the transactions. (Credit account titles are outomatically indented when the omount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.)
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