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Transaction data for Lily Real Estate Agency are presented as follows. Oct. 1 James Lily begins business as a real estate agent with a cash
Transaction data for Lily Real Estate Agency are presented as follows. Oct. 1 James Lily begins business as a real estate agent with a cash investment of $ 19,200. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,432, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $ 4,608 for realty services performed. 27 Pays $ 1,408 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $ 3.200 in salary for October. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Oct. 2
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