Weygandt, Financial & Managerial Accounting, 2e Help I System An CES Exercise 2-4 Your answer is partially correct. Try again. Presented below is information related to Lexington Real Estate Agency. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $17,000 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,100, on account 5 Sells a house and lot for N. Fennig; bills N. Fennig $3,100 for realty services performed. udy 27 Pays $1,000 on the balance related to the transaction of October 3 30 Pays the administrative assistant $2,500 in salary for October. Prepare the debit-credit analysis for each transaction. (t no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Oct. 1 Debits Increase Expenses Debit TT 1700 Credit 1700 Oct. 2 Debits | No E Debit No Effect