E$2\mathrm{.}5(5-L{O}_2),$ AP Transaction data for Lexington Real Estate Agency are presented as follows.

Oct. $1$ Diane Lexington 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 $$2,300,$ on account.

$6$ Sells a house and lot for N$.$ Fennig; bills N$.$ Fennig $$3,600$ for realty services performed.

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

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

Instructions