+ Chapter 2 HW Question 1 of 7 < > Current Attempt in Progress The following information is related to Oriole Real Estate Agency Oct 1 2 Diane Lexington begins business as a real estate agent with a cash investment of $24,800 in exchange for common stock. 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 $3,750 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. Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Analysis Debit -24800 Oct. 1 Debits Increase Assets Credits Increase Stockholders' Equity Credit 24800 Oct 2 Debits No Effect Debit 0