y Real Estate Agency Oct 1 2 3 6 27 James Lily begins business as a real estate agent with a cash investment of $21.450. Hires an administrative assistant Purchases office furniture for $2717. on account Sells a house and lot for C. Rouse: bills C. Rouse $5.148 for realty services performed. Pays $1,573 on the balance related to the transaction of October 3. Pays the administrative assistant $3.575 in salary for October Prepare the debit-credit analysis for each transaction. If no entry is required select "No Entry for the account amounts.) Debit-Credit Analysis Effect on Accounting Equation Oct. 1 Debits Threate V Debit Credits create Owners Equity V Credit Cerca Debits Notect V Det NOEN 2 Credits WO Credit NO Oct Det Debe