Question: Instructions Prepare the debit-credit analysis for each transaction as illustrated in the text. Journalize transactions. E2.5 (LO 2), AP Transaction data for Royale Real Estate

Instructions Prepare the debit-credit analysis for each transaction as illustrated in the text. Journalize transactions. E2.5 (LO 2), AP Transaction data for Royale Real Estate Agency are presented as follows. Oct. 1 James Royale begins business as a real estate agent with a cash investment of $17,000. 2 Hires an administrative assistant. 3 Purchases office furniture for $1,900, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $3,800 for realty services performed. 27 Pays $1,300 on the balance related to the transaction of October 3 . 30 Pays the administrative assistant $2,500 in salary for October
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