NB: the first row should be either increase asset, increase revenue etc... the second is debit credit and effects on amount .

The following information relates to Sheridan Real Estate Agency Oct. 1 James Sheridan begins business as a real estate agent with a cash investment of $17,400. 2 Hires an administrative assistant. 3 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. 27 Pays $1,276 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2.900 in salary for October. for the amounts) Debit-Credit Analysis Effect on Accounting Equation Effect on Amounts Debit $ Credit Debit $ Credit $ Debit 5 Credit Debit $ Credit Debit I $ : Credit $ VA Debit $ Credit