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Transaction data for Pharoah Real Estate Agency are presented as follows. Oct. 1 Pharoah begins business as a real estate agent with a cash investment

Transaction data for Pharoah Real Estate Agency are presented as follows.
Oct. 1 Pharoah begins business as a real estate agent with a cash investment of $20,600 in exchange for common stock.
2 Hires an administrative assistant.
3 Purchases office furniture for $2,100, 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 $900 on the balance related to the transaction of October 3.
30 Pays the administrative assistant $2,650 in salary for October.
Date
Account Titles and Explanation
Debit
Credit
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