Presented below is information related to Aromashodu Real Estate Agency. Oct. 1 Devin Aromashodu begins business as a real estate agent with a cash investment of $15,000.
2 Hires an administrative assistant.
3 Purchases offi ce furniture for $1,900, on account.
6 Sells a house and lot for H. Harrelson; bills H. Harrelson $3,600 for realty services provided.
27 Pays $1,100 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 on pages 64–68.