Presented below is information related to Robbins Real Estate Agency.

Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of $20,000 in exchange for common stock.

2 Hires an administrative assistant.

3 Purchases office furniture for $1,900, on account.

6 Sells a house and lot for N. Fennig; bills N. Fennig $3,200 for realty services provided.

27 Pays $850 on the balance related to the transaction of October 3.

30 Pays the administrative assistant $2,500 in salary for October.

Instructions

Prepare the debit-credit analysis for each transaction as illustrated shown below.