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Prepare the debit-credit analysis for each transaction

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Reference no: EM132379599

Question

The following information relates to Royale Real Estate Agency.

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 0n the balance related to the transaction of October 3.

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

Instructions

Prepare the debit-credit analysis for each transaction.

Reference no: EM132379599

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