Question: View Policies Current Attempt in Progress The following information relates to Concord Real Estate Agency. Oct. 1 James Concord begins business as a real estate

View Policies Current Attempt in Progress The
View Policies Current Attempt in Progress The following information relates to Concord Real Estate Agency. Oct. 1 James Concord begins business as a real estate agent with a cash investment of $18,600. 2 Hires an administrative assistant. 3 Purchases ofce furniture for $2,356, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $4,464 for realty services performed. 27 Pays $1.364 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $3,100 in salary for October. Prepare the debit-credit a n aiysis for each tra nsact ion. {if no entry is required. select "No Entry" for the account titles and enter 0 for the amounts.) Debit-Credit Analysis Affect on Accou nts Oct. 1 Debits v : Debit $ Credits v : Credit $ O t. 2': Debits v : Debit $ Credits v I Credit '3 (33m Debits v : Debit $ Credits v 1 Credit $ O t. 6': Debits v : Debit $ Credits v 1 Credit '3 Oct. _ v ; . $ 27 Debits Debit Credits v 1 Credit $ Oct. ' v i I $ 30 Debits Debit Credits v : Credit $

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