Question: NB: complete all rows including effect on account, Debit, creditand affect on amounts Current Attempt in Progress The following information relates to Sheridan Real Estate


Current Attempt in Progress The following information relates to Sheridan Real Estate Agency. Oct. 1 2 3 James Sheridan begins business as a real estate agent with a cash investment of $17.400. Hires an administrative assistant Purchases office furniture for $2,204, on account Sells a house and lot for C. Rouse; bills C. Rouse $4,176 for realty services performed. Pays $1,276 on the balance related to the transaction of October 3. Pays the administrative assistant $2,900 in salary for October. 6 27 30 Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry for the account titles and entero for the amounts.) Debit-Credit Analysis Effect on Accounting Equation Effect on Amounts Debit $ Credit $ $ Debit $ Credit S Debit $ Credit Debit Credit $ Debit Credit s Debit $ Credit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
