The following information is related to Novak Real Estate Agency. Oct 1 Diane Lexington begins business as

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The following information is related to Novak Real Estate Agency.

Oct

1 Diane Lexington begins business as a real estate agent with a cash investment of $24,400 in exchange for common stock.

2 Hires an administrative assistant.

3. Purchases office furniture for $2,350, 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 $1,100 on the balance related to the transaction of October 3.

30 Pays the administrative assistant $2,400 in salary for October.

Prepare the debit-credit analysis for each transaction

Posted Date: Apr 08, 2022 01:53 AM

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The following information is related to Novak Real Estate Agency. Oct 1 Diane Lexington begins business as

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Date Account Titles and Explanation Debit Credit Debit and Credit analysis Oct 1 ... View the full answer

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