Your answer is partially correct. Presented below is information related to Oriole Company. Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $24,800 in exchange for common stock. 2 Hires an administrative assistant. 3 Purchases office furniture for $2,350, on account. 6 Sells a house and lot for N. Fennig: bills N. Fennig $3,750 for realty services performed. 27 Pays $1,300 on the balance related to the transaction of October 3, 30 Pays the administrative assistant $2,000 in salary for October. Oct. 1 Debits. Increase Assets Debit-Credit Analysis Debit $24,800 Credits Increase Stockholders' Equity Credit $24,800 Oct. 2 Debits No Effect Credits No Effect Debit 50 Credit $0 Oct. 3 Debits Increase Assets Debit $2,350 Credits: Increase Liabilities. Credit $2.350 Oct. 6 Debits Increase Assets Debit $3,750 Oct. 6 Debits Increase Assets v Debit $3,750 Credits Increase Revenues Credit $3,750 Oct. 27 Debits Decrease Assets Debit 1,300 Credits Increase Liabilities Credit 1,300 Oct. 30 Debits Decrease Expenses) Debit 2,000 Credits: Decrease Liabilities : Credit 2,000